Reaping The Benefits Of Financial Globalization
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Reaping The Benefits Of Financial Globalization
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Author : Mr.Ayhan Kose
language : en
Publisher: International Monetary Fund
Release Date : 2008-12-16
Reaping The Benefits Of Financial Globalization written by Mr.Ayhan Kose and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-16 with Business & Economics categories.
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy.
Reaping The Benefits Of Globalisation And The Welfare State
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Author : Sigurd Næss-Schmidt
language : en
Publisher: BoD – Books on Demand
Release Date : 2023-06-07
Reaping The Benefits Of Globalisation And The Welfare State written by Sigurd Næss-Schmidt and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-07 with Political Science categories.
This book focuses on a question that has attracted substantial attention in recent years, is globalisation leading to more inequality, notably in advanced economies? The consensus view is largely yes fx supported by leading international organisations such as the OECD and IMF. In this book, the author challenges the robustness of these claims. The purpose is straightforward. First, a too simple reading on the effects of globalisation may lead to the wrong policy answers such as erecting barriers to trade, even when it clearly benefits consumers. As importantly, it may also distract attention from addressing the clear and observable challenges many countries are facing: notably economic activities being increasingly concentrated in the most prosperous areas and educational systems failing to provide the work force with the skills to succeed in the labour market. Arguably, these very domestic policy failures are key contributors to the emerging economic and political tensions in many OECD countries, with global trade playing a real minor role. The book also draws some policy conclusions. Notably what should international economic regulation focus on, notably in the domain of trade related policies, and what can largely be delivered at local level, even well below the national level.
Capital Inflows The Role Of Controls
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Author : Marcos Chamon
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2010-02-19
Capital Inflows The Role Of Controls written by Marcos Chamon and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-19 with categories.
With the global economy beginning to emerge from the financial crisis, capital is flowing back to emerging market countries (EMEs). These flows, and capital mobility more generally, allow countries with limited savings to attract financing for productive investment projects, foster the diversification of investment risk, promote intertemporal trade, and contribute to the development of financial markets. In this sense, the benefits from a free flow of capital across borders are similar to the benefits from free trade (see Reaping the Benefits of Financial Globalization, IMF Occasional Paper 264, 2008), and imposing restrictions on capital mobility means foregoing, at least in part, these benefits, owing to the distortions and resource misallocation that controls give rise to (see Edwards and Ostry, 1992, for an example of how capital controls interact with other distortions in the economy).
Trade Investment And Development Reaping The Full Benefits Of Open Markets
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 1999-08-26
Trade Investment And Development Reaping The Full Benefits Of Open Markets written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-08-26 with categories.
This report reviews evidence of the benefits and challenges of trade and investment for development, drawing on experiences from economies in various parts of the world.
The Globalization Paradox
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Author : Dani Rodrik
language : en
Publisher: Oxford University Press
Release Date : 2012-05-17
The Globalization Paradox written by Dani Rodrik and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-17 with Political Science categories.
For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.
Benefits Of Global And Regional Financial Integration In Latin America
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Author : Luc Eyraud
language : en
Publisher: International Monetary Fund
Release Date : 2017-01-18
Benefits Of Global And Regional Financial Integration In Latin America written by Luc Eyraud and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-18 with Business & Economics categories.
The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a significant missed opportunity. This paper examines the scope for further global and regional financial integration in Latin America, based on economic fundamentals and comparisons to other emerging regions, and quantifies the potential macroeconomic gains that such integration could bring. The analysis suggests that closing the financial integration gap could boost GDP growth be ¼ - ¾ percentage point in these countries, on average.
The Evidence And Impact Of Financial Globalization
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Author : Gerard Caprio
language : en
Publisher: Academic Press
Release Date : 2012-11-27
The Evidence And Impact Of Financial Globalization written by Gerard Caprio and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-27 with Business & Economics categories.
The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. Substantial articles by top scholars sets this volume apart from other information sources Rapidly developing subjects will interest readers well into the future Reader demand and lack of competitors underline the high value of these reference works
Financial Globalization
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Author : D. Das
language : en
Publisher: Springer
Release Date : 2010-07-16
Financial Globalization written by D. Das and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-16 with Business & Economics categories.
The recent crisis has redrawn attention to financial globalization. Dilip Das examines under what circumstances it can be welfare-enhancing and lead to rapid economic growth. Written in an accessible style, the book gives the latest insights on the topic.
Globalization And Its Discontents
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Author : Joseph Stiglitz
language : en
Publisher: Penguin UK
Release Date : 2015-09-24
Globalization And Its Discontents written by Joseph Stiglitz and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-24 with Political Science categories.
From Nobel laureate Joseph Stiglitz, Globalization and its Discontents is the bestselling exposé of the all-powerful organizations that control our lives. Joseph Stiglitz's landmark book lifted the lid on how globalization was hurting those it was meant to help. Many of its predictions came true, and it became a touchstone in the debate. This major new edition looks afresh at the continuing mismanagement of globalization, and how it has led to our current political and economic discontents. Globalization can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future. 'A massively important political as well as economic document ... we should listen to him urgently' Will Hutton, Guardian 'Stiglitz is a rare breed, an heretical economist who has ruffled the self-satisfied global establishment that once fed him. Globalization and its Discontents declares war on the entire Washington financial and economic establishment' Ian Fraser, Sunday Herald 'Gripping ... this landmark book shows him to be a worthy successor to Keynes' Robin Blackburn, Independent
Why Globalization Works
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Author : Martin Wolf
language : en
Publisher: Yale University Press
Release Date : 2005-06-10
Why Globalization Works written by Martin Wolf and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-10 with Business & Economics categories.
A powerful case for the global market economy The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future. Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.