Financial globalization

This compilation of articles published over eight years focuses the policy implications of the huge growth in cross-border capital flows, which tripled to $6.4 trillion from 1995. Articles also look at the expansion of world trade, explore the impact of globalization on jobs, taxation, and the poor, and examine the digital divide between developed and some developing countries. They examine the economic implications of and responses to globalization in an era when porous borders limit the domestic effectiveness of many national decisions while causing their effects to be transmitted internationally.--Publisher's description.