Crook, Clive,

A Cruel Sea of Capital. Clive Crook. - Economist, 2003. - SIRS Enduring Issues 2004. Article 11, Business, 1522-3191; .

Articles Contained in SIRS Enduring Issues 2004. Originally Published: A Cruel Sea of Capital, May 3, 2003; pp. 3+.

"Those who believe that globalisation throttles democracy, gouges the poor and fouls the environment are bound to regard today's mostly open markets for international capital as evil. However, this does not prove that unimpeded flows of capital are a good thing. The capital market has vindicated its critics and embarrassed its would-be defenders too often of late. It has been responsible for, or at least deeply implicated in, some very costly economic breakdowns. Perhaps the anti-globalists are on to something." (ECONOMIST) This article analyzes global financial integration.

1522-3191;


Bank failures
Banking law
Banks and banking--Foreign--Law and legislation
Capital investments
Capital market
Capital movements
Deposit insurance
Financial crises--Asia
Financial crises--International aspects
Financial institutions--International
Globalization
International trade
Investments--Foreign--Developing countries
Loans
Moral hazard (Economics)
Risk


Developing countries--Economic policy

AC1.S5

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