Download or read book Global Capital and National Governments written by Layna Mosley and published by Cambridge University Press. This book was released on 2003-02-03 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Capital and National Governments suggests that international financial integration does not mean the end of social democratic welfare policies. Capital market openness allows participants to react swiftly and severely to government policy; but in the developed world, capital market participants consider only a few government policies when making decisions. Governments that conform to capital market pressures in macroeconomic areas remain relatively unconstrained in supply-side and micro-economic policy areas. Therefore, despite financial globalization, cross-national policy divergence among advanced democracies remains likely. Still, in the developing world, the influence of financial markets on government policy autonomy is more pronounced. The risk of default renders market participants willing to consider a range of government policies in investment decisions. This inference, however, must be tempered with awareness that governments retain choice. As evidence for its conclusions, Global Capital and National Governments draws on interviews with fund managers, quantitative analyses, and archival investment banking materials.

Download or read book Governments Banks and Global Capital written by Miroslava Filipović and published by Routledge. This book was released on 2018-12-20 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published in 1997, this study analyzes the global capital market as one of the most dynamic aspects of the world economy. As more financial markets were created, the security of the structure came under scrutiny. The book examines the crises in its history and how the global structure can be regulated.

Download or read book Global Capital Political Institutions and Policy Change in Developed Welfare States written by Duane Swank and published by Cambridge University Press. This book was released on 2002-02-11 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that the dramatic post-1970 rise in international capital mobility has not systematically contributed to the retrenchment of developed welfare states as many claim. Nor has globalization directly reduced the revenue-raising capacities of governments and undercut the political institutions that support the welfare state. Rather, institutional features of the polity and the welfare state determine the extent to which the economic and political pressures associated with globalization produce Welfare state retrenchment.

Download or read book Global Capital Flows written by Stephany Griffith-Jones and published by Springer. This book was released on 1998-11-12 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the rapid growth and dramatic changes in capital flows globally and to emerging markets. In the context of relevant economic theory, it analyses benefits and costs of large and volatile capital flows to developing countries; the latter includes damaging currency crises as the Mexican and East Asian economies. The book makes innovative proposals on how best national governments - and especially - international organisations can avoid such crises.

Download or read book Market Unbound written by Lowell Bryan and published by John Wiley & Sons. This book was released on 1996-04-12 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: A road map for the future of the world market "Bryan has emerged as an influential voice on regulatory issues. "--The New York Times The world is on the verge of the most sweeping economic changes since the Industrial Revolution. National economies are transforming from government-controlled market systems into an open international marketplace under no one's control. The consequences will be both exhilarating and terrifying. Market Unbound is the first compelling blueprint for adapting to this new global market. According to McKinsey and Company authors Lowell Bryan and Diana Farrell, this revolution will have a profound effect on all sectors of business and finance. The global economic scene has already undergone profound and irreversible changes, but most of the transformation still lies ahead of us. Those who learn to operate under the new system will have the opportunity for tremendous profit. Those who don't face the specter of catastrophic loss. Market Unbound outlines how the global market came into being and why it is so powerful, and why it is so rapidly accelerating the globalization of the world's entire economy. The authors explore the implications of this evolving market force and examine the consequences and the opportunities for governments, investors, corporations, and financial organizations. Market Unbound is a must read for anyone who hopes to thrive or even survive into the 21st century. * Based on extensive research conducted at McKinsey &Co--the world's premiere consulting firm * Case studies and relevant examples illustrate the patterns of market change currently taking place * Reveals how a government's ability to exercise control over its own financial system is being undermined by the global capital market LOWELL BRYAN and DIANA FARRELL (New York, New York) are consultants at McKinsey & Co. He is the author of three previous business books and a leading authority on financial regulatory issues and global capital markets. She led the research efforts underpinning the book's conclusions.

Download or read book Global Corporations and National Governments written by Edward Graham and published by Columbia University Press. This book was released on 1996-06-01 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is inherent tension between the increasingly global focus of foreign investors and the continuing national focus of governments. Countries, particularly developing ones, compete to attract investment from global corporations, and they attach performance requirements to tilt the impact of those investments in their favor. This is because the host nations expect investment to raise growth levels, efficiency, and living standards. At the same time, the home countries of such corporations worry that their firms are not accorded fair and reciprocal treatment abroad. These issues have become a source of conflict among nations, one that could escalate considerably if an agreement is not soon reached. Graham's study analyzes the nature and depth of the international investment problem and its potential impact on the world economy and on economic relations among nations. He urges that current rules on foreign direct investment be enlarged and restructured via new international rules and institutional arrangements and offers two alternatives for doing so.

Download or read book Global Capital and National Politics written by Timothy Kessler and published by Bloomsbury Publishing USA. This book was released on 1999-11-30 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations. The research examines four periods: the populist administrations of EcheverrÍa and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.

Download or read book Global Capital Markets written by Maurice Obstfeld and published by Cambridge University Press. This book was released on 2004 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an economic survey of international capital mobility from the late nineteenth century to the present.

Download or read book Breaking Financial Boundaries written by David M. Meerschwam and published by Harvard Business Review Press. This book was released on 1991 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: For generations government regulations and business traditions confined financial activities within national borders. Leaders and borrowers maintained relationships with domestic bankers, who offered little in the way of innovation or advantage. But the abolition of fixed exchange rates, along with hyper-inflation in the 1970s spelled the beginning of the end for this system. By the 1980s the financial game in the UK, Japan and USA was being played ith some important new rules, and by many new players. The old world of relationship banking had given way to financial transactions based upon price and product innovation.

Download or read book Global Capital National State and the Politics of Money written by Werner Bonefeld and published by Palgrave Macmillan. This book was released on 1996-06-18 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The politics of international debt have received increasing attention in recent years. However, discussion of the politics of money has focused on Latin American and 'third' world countries. So far there has been little treatment of the politics of scarce money and of money as a political category in relation to 'advanced' countries. The central theme of the book is the limitations and constraints on state action which arise from the relation between the (nation) state and the global flow of money.

Download or read book Governments Globalization and International Business written by John H. Dunning and published by OUP Oxford. This book was released on 1997-07-24 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a cliché to say that we live in a globalized world in which investment flows, communications and the operations of multinationals from all parts of the world have changed the character of the international business environment. But the easy concept of globalization poses as many questions as it answers and it is the purpose of this book to address these challenges. In Governments, Globalization, and International Business a prestigious group of international scholars explore in detail the consequences of globalization defined as the deepening structural interdependence of the world economy. In Part 1 John Dunning, Richard Lipsey, Susan Strange and Stephen Kobrin analyse these changes from different disciplinary perspectives and intellectual backgrounds. The basic question they address is what are the consequences of globalization on the nature, form, and level of domestic economic activity?. In doing so, they also consider the increasing mobility of knowledge and information, the role of international corporations, and the sovereignty of the nation state in the modern borderless world. In Part 2 the different experiences and policies of a number of economies are assessed in a series of country studies, These include the G7 countries as well as the developing East Asian economies, Latin America and smaller developed countries. In the final part John Stopford and Edward Graham stand back and look at the changing role of National and Supranational governance. In doing so they underscore a fundamental tenet of the volume, that globalization requires national governments to re-evaluate various factors of their systemic governance. Yet despite apparently convergent trends they argue there are no universal prescriptions for the way governments should respond to globalization, and the policy challenge is a more complex one than merely more or less government.

Download or read book Global Capital Supply and Demand written by Zia Qureshi and published by World Bank Publications. This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the possibility that global demand for capital will tend to outstrip supply, thus putting upward pressure on global real interest rates. The paper discusses the demand for foreign capital in developing countries, the effect of this demand on savings in industrial countries, and net capital flows from industrial to developing countries. The analysis of trends over the next 10 to 15 years suggests that a large rise in international real interest rates is unlikely as long as fiscal consolidation in industrial countries remains on track.

Download or read book The Global Capital Market Reconsidered written by Maurice Obstfeld and published by . This book was released on 2021 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the globalization of production has been a prominent target of anti-globalization backlash, globalized finance has seemed to be much less in the public bull's-eye. The blueprint for the postwar international economy agreed at Bretton Woods in 1944 envisioned nothing like today's extensive and fluid global capital market. The demise of the 1946-1973 fixed exchange rate system, however, also brought a progressive dismantling of barriers to international financial flows motivated by special-interest politics, national economic competition, and ideology -- alongside the benign desire for a more efficient international allocation of capital. Unfortunately, free cross-border financial capital mobility can compromise governments' capacities to attain domestic economic and social goals in several ways. This essay links the dynamics of financial liberalization to the Teflon-like resilience of finance to backlash so far, and suggests that stronger backlash could emerge if national governments fail to enhance multilateral cooperation to manage the financial commons.

Download or read book How Global Capital is Remaking International Education written by Hyejin Kim and published by Springer. This book was released on 2019-08-14 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a first look at transnational education corporations, new firms that operate international schools. The quiet rise of transnational education corporations – or TECs – has implications for education systems around the globe, as corporate interests gain a greater stake in the way schools operate. The story of their ascendance links government policies in one corner of the world with profound effects in others. In the past decade, TECs have burst onto the international schooling scene. Private firms, publicly listed firms, and private equity groups have transformed international education into an industry valued at over USD 30 billion. Nowhere has the impact been stronger and more sudden than in Asia. The top three international education firms with a presence in Asia run more than 20 schools in East and Southeast Asia with another six in India. Each educates tens of thousands of students around the globe and has an annual revenue of over USD 300 million. TECs offer a window onto the creation of new markets and the complex positions of governments in regulating social affairs. This book helps readers to understand who these firms are, what they do and how they have grown.

Download or read book Globalization in Historical Perspective written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-11-01 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue.

Download or read book International Business and Government Relations in the 21st Century written by Robert Grosse and published by Cambridge University Press. This book was released on 2005-09-08 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an outlook on relations in the 21st century between national governments and multinational companies.

Download or read book Government Finance Statistics Manual 2014 written by Mrs.Sage De Clerck and published by International Monetary Fund. This book was released on 2015-03-10 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Government finance statistics are a basis for fiscal analysis and they play a vital role in developing and monitoring sound fiscal programs and in conducting surveillance of economic policies. The Government Finance Statistics Manual 2014 represents a major step forward in clarifying the standards for compiling and presenting fiscal statistics and strengthens the worldwide effort to improve public sector reporting and transparency.