Financial globalisation and crisis, institutional transformation and equity

Philip Arestis and Ajit Singh

MPRA Paper from University Library of Munich, Germany

Abstract: This paper comprises the long introduction to the symposium of five papers on financial globalisation published in the Cambridge Journal of Economics, volume 34, no 2. The paper discusses the impact of financial globalisation in a variety of spheres and shows how the five papers link together to provide a coherent view of the current economic and financial crisis. In this paper we also examine the globalisation of finance more broadly both in historical terms as well as in relation to the current widespread failure in the financial markets. We take up the policy question of how the interests of the poor in particular, and developing countries in general, could be safeguarded from the vagaries of financial globalisation, questioning how much choice communities and countries have and what can the international community do to extend these choices?

Keywords: Financial globalisation; crisis; institutional transformation and equity (search for similar items in EconPapers)
JEL-codes: G15 G18 G20 G21 (search for similar items in EconPapers)
Date: 2010-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Financial globalisation and crisis, institutional transformation and equity (2010)
Working Paper: Financial Globalisation and Crisis, Institutional Transformation and Equity (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:39054

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