Globalization and financial development

Frederic Mishkin ()

Journal of Development Economics, 2009, vol. 89, issue 2, pages 164-169

Abstract: This paper argues that globalization is a key factor in stimulating institutional reforms in developing countries that promote financial development and economic growth. Advanced countries can help in this process by supporting the opening of their markets to goods and services from emerging-market countries. By encouraging these countries to increase their participation in global markets, advanced countries can create exactly the right incentives for developing countries to implement the reforms that will enable them to have high economic growth.

Keywords: Globalization; Financial; development; Trade; liberalization; Economic; growth; Institutional; reform (search for similar items in EconPapers)
Date: 2009

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6VBV ... 094c725edff1de6ddeaa
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:deveco:v:89:y:2009:i:2:p:164-169

Access Statistics for this article

Journal of Development Economics is edited by M. R. Rosenzweig

More articles in Journal of Development Economics from Elsevier
Series data maintained by Heidi Boesdal ().