strawberry
Member
- Joined
- May 18, 2003
- Messages
- 189
can anyone gimme some info on this??
it's in the first topic under globalisation
thanx
it's in the first topic under globalisation
thanx
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global financial flows (1 Viewer)
- Thread starter strawberry
- Start date
timmii
sporadic attendee
- Joined
- Nov 9, 2002
- Messages
- 928
Basically all the percentages from ur textbook regarding how much financial flows/FDI has increased blah blah blah...
Just think rationally about it. The advent of the internet and ICT, cheaper travel, the rise of TNCs and MNCs etc has meant that there is far more FDI and many more international transactions.
Also a lot more currency speculation - derivatives etc, only 3% of aus currency trades actually relate to trade, and we are the 5th (?) most traded currency in the world, despite not being that big an economy - merely because our currency is easily manipulable - we're at the mercy of big world players and are thus greatly influenced by this aspect of globalisation.
24 hour finance markets, greater access to finance/investment through international channels...greater consideration of international perception of our "stats" e.g interest rates, growth rates and inflation rates because can affect our economy because of foreign investor expectations...
Just think rationally about it. The advent of the internet and ICT, cheaper travel, the rise of TNCs and MNCs etc has meant that there is far more FDI and many more international transactions.
Also a lot more currency speculation - derivatives etc, only 3% of aus currency trades actually relate to trade, and we are the 5th (?) most traded currency in the world, despite not being that big an economy - merely because our currency is easily manipulable - we're at the mercy of big world players and are thus greatly influenced by this aspect of globalisation.
24 hour finance markets, greater access to finance/investment through international channels...greater consideration of international perception of our "stats" e.g interest rates, growth rates and inflation rates because can affect our economy because of foreign investor expectations...