Description

One could look at how the country has evolved over the past 50 years, what changes economically, politically have taken place, have things improved, where it stands now and what type of challenges and public policies need to be implemented to enhance future economic prospects.

Do globalization and the integration of economies and financial markets lead to more or less economic/financial market volatility? There has been much research done on this issue. Some would argue that the freer flow of capital has led to more hot money that can be moved out of a country enmasse, the volume of which puts tremendous pressure of the value of the domestic currency and subsequent health of the economy. We have seen this occur on numerous occasions over the past 20 years – the Asian crisis. It begs the question as to whether we need to more to more regulation of capital/capital controls to avoid this volatility or do we just need domestic governments to be more responsibility and accountable for their actions.