Thomas Kumar
Management
June 2025
This study investigates the theoretical framework on how the financial globalization influences economic growth by comparing the high and low financial open countries. The advocates and detractors of financial globalization financial globalization, the process of the increasing integration of nations' financial systems with the international financial system, finds supporters and detractors. Some say it encourages development and growth in the form of capital flows, technology transfer and market discipline, while others say it leads to financial instability, inequality and policy constraints. This article develops a conceptual approach to understanding these two different outcomes in terms of macroeconomic stability, institutional strength, absorptive capacity, and policy autonomy.
1014- 1028
© Airo Journals 2021
