1.

Record Nr.

UNINA9910780746503321

Titolo

Financial Globalization : : The Impact on Trade, Policy, Labor, and Capital Flows

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2007

ISBN

1-4552-4890-8

1-4527-6044-6

1-283-53775-3

9786613850201

1-4519-3644-3

Descrizione fisica

1 online resource (97 p.)

Disciplina

332/.042

Soggetti

International finance

Economic assistance - Developing countries

Globalization

Exports and Imports

Finance: General

Macroeconomics

Social Services and Welfare

General Financial Markets: General (includes Measurement and Data)

Current Account Adjustment

Short-term Capital Movements

International Investment

Long-term Capital Movements

Government Policy

Provision and Effects of Welfare Program

Aggregate Factor Income Distribution

International economics

Finance

Social welfare & social services

Capital flows

Emerging and frontier financial markets

Capital account liberalization

Income inequality

Balance of payments

Financial markets

National accounts

Poverty



Capital movements

Financial services industry

Income distribution

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"April 2007."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Preface; Contents; Beyond the Blame Game; A new way of looking at financial globalization reexamines its costs and benefits; Liberalizing Capital Account Restrictions; Global Capital Flows: Defying Gravity; The Paradox of Capital; Is foreign capital associated with economic growth and, if not, why does it flow "uphill"?; Globalization: The Story Behind the Numbers; Surmounting the Challenges of Globalization; Is Liberalization Reversible?; Globalization is unsettling for many despite its many benefits; Examining Global Imbalances

What new data tell us about the external wealth of nations Converting a Tiger; Lessons from India's gradualist approach to capital account convertibility; Economic Policy Implications of Global Financial Flows; The lack of a lender of last resort creates a vacuum in the international institutional structure; The Changing Face of Investors; The implications for financial stability of the sharp rise in international capital flows; Dealing with Global Fluidity; With new forces shaping global capital markets, participants in international finance are well advised to rethink their operating models

The Globalization of Finance Despite considerable benefits to national economies, financial globalization has changed the structure of their markets; Are Foreign Investors in Emerging Market Economies a Panic-Prone Herd?; What are the consequences of herdlike behavior?; Small Fish, Big Pond; What is the future for developing country capital markets in a globalized economy?; Wising Up about Finance; With tighter links between national economies and global financial markets, better financial analysis is critical to macroeconomic management; The New World of Banking

Four trends altering the financial world pose challenges for the effective supervision and regulation of the financial sector Taking the Plunge Without Getting Hurt; An IMF study suggests that opening up to the global economy could help developing countries cope with the adverse effects of volatility on growth; Lifting All Boats; A critical survey of recent studies on trade liberalization; Trade, Growth, and Poverty; How has increased participation in international trade affected developing countries economically?; Globalization at Work; Making the WTO More Supportive of Development

How to help developing countries integrate into the global trading systemMaking Globalization Work for the Poor; Point-Counterpoint between Kevin Watkins and David Dollar and Aart Kraay; Demystifying Outsourcing; The numbers do not support the hype over job losses

Sommario/riassunto

Assiduously tracking the trends and consequences of globalization, the IMF's quarterly magazine Finance & Development has been a major forum for discussing-and dissecting-the policy options and challenges faced by governments in an era when many national decisions



transcend borders. This valuable compilation of articles published over the past eight years focuses on financial globalization, including the policy implications of the huge growth in cross-border capital flows. Articles also look at the expansion of world trade, explore the impact of globalization on jobs, taxation, and the poor, and examine the digital divide between developed and some developing countries. An extraordinary summary that distills nearly a decade of accelerated change.