Drabek, Zdenek...[et al]

Policy challenges of global financial integration - The HagueNL FONDAD 1998 - 123 p.

Deals with four different aspects of the process of economic globalisation. Argues that even though globalisation seems to be developing in a postive and successful way from a macroeconomic point of view, it also raises 'some serious concerns'. Analyzes the recent growth and volatility of portfolio flows to developing countries. Suggests specific measures that regulators in both source and recipient countries could take to diminish the volatility of portfolio investments. Deals with foreign direct investment. Gives a detailed and lucid analysis of the future challenges of financial globalisation.

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