Abstract:
This chapter introduces the concept of financial globalization and examines the
factors driving financial globalization in emerging and developing market economies. The role of financial globalization in driving the development and strengthening
of the financial sector, sustainable economic growth, and the nature of innovations
are explored. On a broader scale, there is a need to understand the developments in
global financial innovation and their implications for developing and emerging markets.
The chapter explores the challenges, risks and benefits of financial globalization
to emerging and developing markets and how they will shape future behavior and
interactions by economic agents in these markets. Financial globalization can lead to
different outcomes that include but not limited to domestic capital flight and potential effects on net capital flows, investment, and growth; capital inflows and higher
investment and growth; or volatile capital flows and unstable domestic financial
markets. The chapter discusses the measurement issues of financial openness. These
all need to be explored in this context and consider the rise in innovations in the
financial sector.
Strike, M (2024). Rethinking Financial Globalization. Afribary. Retrieved from https://track.afribary.com/works/rethinking-financial-globalization
Strike, Mbulawa "Rethinking Financial Globalization" Afribary. Afribary, 30 Mar. 2024, https://track.afribary.com/works/rethinking-financial-globalization. Accessed 05 Nov. 2024.
Strike, Mbulawa . "Rethinking Financial Globalization". Afribary, Afribary, 30 Mar. 2024. Web. 05 Nov. 2024. < https://track.afribary.com/works/rethinking-financial-globalization >.
Strike, Mbulawa . "Rethinking Financial Globalization" Afribary (2024). Accessed November 05, 2024. https://track.afribary.com/works/rethinking-financial-globalization