GLOBALIZATION AND ITS IMPACT ON INTERNATIONAL FINANCE

CONTENTS 1. Overview……………………………………………………………………...1 2. Introduction to the concept of globalization…………………………………..2 3. Different areas of effect of globalization……………………………………..5 4. International finance…………………………………………………………..9 5. The impact of globalization on international finance i. Relationship between globalization and international finance……....12 ii. Globalization and its impact on developing countries……………….14 iii. Positive & Negative effects of globalization on international finance………………………………………………………………17 iv. Impact of globalization of international finance on global financial crisis………………………………………………………………….21 6. Summary
Preceded by first event called World War and followed by first really global war across Atlantic and Pacific. * The 19th century: globalization approaching its modern form. In this decade Industrialization allowed cheap production of household items using economies of scale, while rapid population growth created sustained demand for commodities. * The 20th century: globalization was mainly driven by the global expansion of multinational corporations based in the United States and Europe. Worldwide exchange of new developments in science, technology and products, with most significant inventions of this time having their origins in the Western world. Development and growth of international transport and telecommunication played an important role in modern globalization. * In late 2000s, much of the industrialized world entered into a deep recession. Therefore, the world is going through a period of deglobalization after years of increasing economic integration.

Modern Globalization
Since World War II, barriers to international trade have been considerably lowered through international agreements. The Modern Globalization has been facilitated by advances in