A Cruel Sea of Capital. Clive Crook.
by Crook, Clive; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2004Article 11Business. Publisher: Economist, 2003ISSN: 1522-3191;.Subject(s): Bank failures | Banking law | Banks and banking -- Foreign -- Law and legislation | Capital investments | Capital market | Capital movements | Deposit insurance | Developing countries -- Economic policy | Financial crises -- Asia | Financial crises -- International aspects | Financial institutions -- International | Globalization | International trade | Investments -- Foreign -- Developing countries | Loans | Moral hazard (Economics) | RiskDDC classification: 050 Summary: "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.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2004 Business Article 11 (Browse shelf) | Available |
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.
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