 Globalisation, growth and institutionsFariborz Moshirian Journal of Banking & Finance, 2008, vol. 32, issue 4, 472-479 Abstract: We are currently in the second wave of globalisation. Despite the fact that over the past two decades a number of national financial and other barriers have been removed, there are still a number of national, regional and global factors that are slowing down the process of financial globalisation from trickling down to all parts of the world. This paper briefly discusses the process of globalisation and considers the human development index including education as a way of measuring economic growth and financial wealth in different parts of the world. The paper analyses the process of financial globalisation and the way some nations have become the recipients of more foreign capital than others. As a way of seeing the importance of both national and international economic and financial integration as important ingredients for sustained economic growth, the process of financial integration in Europe is analysed as a model for acceleration of the process of globalisation and sustained economic growth in this century. The 21st century is referred to as the Pacific century and hence financial integration in the Asia Pacific region (APEC) could create a new impetus for the EU to increase its internal integration including its fiscal policies as a way of remaining competitive in the global economy. Date: 2008 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbfina:v:32:y:2008:i:4:p:472-479 Access Statistics for this article Journal of Banking & Finance is currently edited by Ike Mathur More articles in Journal of Banking & Finance from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.