ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book deals with globalization and the resulting framework of global governance, focusing on the multilateral and regional framework for managing development and transition. It deals with the multilateral and regional framework for managing development and transition. The book deals with the IMF and regional financial architectures. It discusses the changing role of the multilateral development banks, including the World Bank and regional development banks. The book focuses on regional economic integration, particularly the North American Free Trade Agreement, as a key strategy for advancing and expanding a regulatory framework for global governance. It begins with a comparative analysis of financial sector development and restructuring in Latin America and East Asia, focusing mainly on Chile and South Korea, which have the most successful domestic financial sectors in their respective regions.
