International Finance: Meeting The Needs Of People In Developing Countries
- Topics:
- Foreign Direct Investment
- Tags:
- Developing Country,
- Finance,
- Financial,
- Financial Accounting,
- Financial Market,
- Income,
- International Labour Organization,
- Operational Accounting
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Overview: The increasing interconnectivity of world financial markets was driven in part by deregulation, but progress in information technology has had a strong impact, boosting the increase in capital flows. Financial markets are already global and, given the fall in transaction costs due to technological improvements, capital will continue to move in and out of countries. This trend has several potentially positive impacts. The reallocation of global investment funds to uses with the highest returns in the global economy leads to the maximization of world output and productivity, and will eventually contribute to a narrowing of the income gap between rich and poor countries.
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Format: PDF | Size: 402KB | Date: May 2004 | Pages: 35






