Globalization brings benefits and costs, in varying proportions, in various dimensions and circumstances. The relationship between costs and benefits depends on the level of development of each country, on the international norms that regulate globalization and, quite often, on the quality of national policies. Therefore, it is necessary to distinguish between the various components, with different implications, to identify those that may be more functional for national development, in order to enhance them, and to minimize those that create obstacles. And it is that globalization involves benefits and costs, which are not in a closed, immutable package. We can choose the content and proportions of the package to improve the quality of our international insertion.
Keywords:
Financial Globalization, National Development, Financial Crises, Expansion of Markets, National Policies
Author Biography
Ricardo Ffrench-Davis Muñoz, Instituto de Estudios Internacionales, Universidad de Chile
Ingeniero comercial; doctor en economía y magíster de la Universidad de Chicago; asesor regional principal de la CEPAL; profesor titular de posgrado del Instituto de Estudios Internacionales de la Universidad de Chile.
Ffrench-Davis Muñoz, R. (2006). Globalización financiera y desarrollo nacional. Estudios Internacionales, 39(154), p. 69–78. https://doi.org/10.5354/0719-3769.2006.14472
Twitter