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Although the globalization of markets and the rapid growth in
worldwide information technologies supports harmonization and
integration between countries, substantial differences still exist
throughout the world. Global Divergence in Trade, Money and Policy
explores the disparities between a range of countries, arguing that
their differences are a major factor in international tensions, and
will remain a substantial problem for many decades to come. The
book analyses the implications of disparities in the areas of
economic power, institutional structures, per capita income,
international trade, exchange rate systems, financial markets,
monetary policy issues, the development of monetary unions and
welfare. Case studies encompassing Asia, India, Greece, Mexico, the
US and EU accession countries illustrate how differently the
globalization process is regarded and valued by countries depending
on their own particular circumstances. Exploring the role of
different countries in the processes of globalization and shedding
light on the issues surrounding economic divergences, this book
will strongly appeal to economists with a special interest in
globalization, development and international trade.
Hans-Michael Heitmuller The financing of public funds has become a
strongly competitive business. Within the EU, national boundaries
for this sphere have been formally removed as well as important
hindrances to the trade of goods and services. Deregulation and
technological innovations have decreased the economic distance
between the regions of the EU. With the transition to the Euro, a
weighty step has been made in the direction towards a home market.
It has become simpler and worthwhile for public borrowers to obtain
comparative offers from over and beyond country borders. For the
supplier, this field of business is marked by relatively low risks,
a correspondingly modest personal capital requirement, but narrow
margins as well. On the other hand, as well as language and social
differences, there exist in actuality still many-sided market
access thresholds on the basis of different institutional and
instrumental framework data within the individual countries,
especially inthe area of public funds. This will only change
slightly in the foreseeable future. Reliable information about
these special framework conditions is still in demand. It is an
important factor of success in business politics.
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