Globalisation

Article Abstract:

Globalisation, which was predicted by experts to do away with the nation state and create a single world market, has not turned out exactly as foretold. The most striking developments brought by the phenomenon have come in terms of faster transfer of goods and services across international borders, due in part to better communications and computer technology. Critics of globalisation still assert that it promotes inequality among classes, unfair competition, and undermines democracy. However, these criticisms can be seen as an aversion to foreign competition brought about by protectionist views.

Administration of General Economic Programs, Intnl Economic Policy, International relations, Industrialized countries

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The financial benefits of the IMF

Article Abstract:

The costs and benefits of the International Monetary Fund's loan packages to countries affected by the Asian economic crisis have been a subject of debate among academics and policy makers. But those arrangements have provided substantial financial advantages to the borrowers; e.g., a US$8.5 billion savings on interest payments.

International Affairs, International Groups NEC, Management, International Monetary Fund, Finance

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Capital mobility: an overview

Article Abstract:

The Asian economic crisis of 1997-98 spawned a great deal of literature on movements of international capital. This paper reviews some of that literature and finds no clear consensus regarding issues of currency controls and exchange rate policies.

Money

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