Global Financial Centers, Economic Power, and (In)Efficiency by Fikret Čaušević
English | EPUB | 2020 | 180 Pages | ISBN : 3030365751 | 0.96 MB
This book scrutinizes global financial flows and stocks, both financial assets and liabilities and their impact on the global balance of economic power, especially as they affect the largest and fastest-growing countries in both the developed and the developing world. It shows how financial flows can promote economic growth and financial capital can serve as a tool for higher growth rates in emerging market economies, but also that the huge amounts of financial capital currently being spent in advanced countries to promote economic growth has produced at best very modest improvements and in some cases negative results.