First published in 1999, this volume investigates the causes and consequences of globalization of international financial markets, including all types of private sector capital for 121 countries over the period 1980-1990. This includes portfolio investment, bank capital and FDI. Hak-Min Kim identifies pronounced patterns in short-term capital flows along with effective means of stimulating capital, including the provision of new financial instruments, advanced telecommunication networks, and improved country risk management. Kim suggests that collective international efforts from organizations are necessary to develop financial markets and improve global equity.

chapter 1|8 pages


chapter 2|42 pages

Review of Literature

chapter 3|50 pages

Research Methodology

chapter 4|81 pages

Empirical Findings

chapter 5|9 pages