Question

write about the downsides and upsides of globalisation

Answer 1

Răspuns:Financial globalization is an aggregate concept that refers to rising global linkages

through cross-border financial flows. Financial integration refers to an individual country’s

linkagesto international capital markets.

The recent wave of financial globalization since the mid-1980s has been marked by a

surge in capital flows among industrial countries and, more notably, between industrial and

developing countries. While these capital flows have been associated with high growth rates

in some developing countries, a number of countries have experienced periodic collapse in

growth rates and significant financial crises over the same period, crises that have exacted a

serious toll in terms of macroeconomic and social costs.

Keywords:financialintegration,financial globalisation, developingcountries,financialcrises.

SPER CA TE-AM AJUTAT :)