The article begins with pointing out how the information technologies have expanded to the extent that international trade is facilitated in a better and more improved manner. Due to this technology advancement, conducting the transaction around the world has become easier. The author noted that the globalization has enhanced borrowing and lending of money around the world hence foreign direct investment (Lamfalussy, 2000). It is evident that globalization enhances cross border trade as the author identifies how cross border flow of capital has peaked to $US 11.8 trillion in 2007 from $US500 billion in 1980. The outlined the financial ...
Paralysis Argumentative Essays Samples For Students
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The trend towards financial globalization has well and truly stalled; write Martin Neil Baily and Susan Lund
