Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

A Study into Financial Globalization, Economic Growth and (In)EqualityIntroduction

A Study into Financial Globalization, Economic Growth and (In)Equality: Introduction [The introductory chapter contains a brief statement of the main focus of the study: testing the thesis that rapid financial liberalization and openness to global capital flows promote economic growth. This is followed by a run-through of the study, chapter by chapter, most of which deal with changes to the relative economic standing in 1990–2014 of the countries for which the World Bank database has full data for the relevant years. The chapter closes with a review of the main findings, which do not suggest a high degree of positive correlation for most developing countries between de jure financial liberalization and economic growth, but do reveal a major paradox regarding financial openness in the most-developed countries, confirming the existence of a positive impact of rapid financial liberalization on economic growth only in the countries in transition, albeit one which at the same time raises serious questions as to the model’s sustainability.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Study into Financial Globalization, Economic Growth and (In)EqualityIntroduction

Čaušević, Fikret
Springer Journals — Mar 21, 2017
Download PDF
4 pages

Loading next page...
 
/lp/springer-journals/a-study-into-financial-globalization-economic-growth-and-in-equality-EeHyr6xXAE
Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2017
ISBN
978-3-319-51402-4
Pages
1 –5
DOI
10.1007/978-3-319-51403-1_1
Publisher site
See Chapter on Publisher Site

Abstract

[The introductory chapter contains a brief statement of the main focus of the study: testing the thesis that rapid financial liberalization and openness to global capital flows promote economic growth. This is followed by a run-through of the study, chapter by chapter, most of which deal with changes to the relative economic standing in 1990–2014 of the countries for which the World Bank database has full data for the relevant years. The chapter closes with a review of the main findings, which do not suggest a high degree of positive correlation for most developing countries between de jure financial liberalization and economic growth, but do reveal a major paradox regarding financial openness in the most-developed countries, confirming the existence of a positive impact of rapid financial liberalization on economic growth only in the countries in transition, albeit one which at the same time raises serious questions as to the model’s sustainability.]

Published: Mar 21, 2017

Keywords: Financial liberalization; Financial openness; Economic growth

There are no references for this article.