KUALA LUMPUR and PENANG, Jul 09 (IPS) – The 1971 Bretton Woods (BW) system collapse opened the way for financial globalization and transnational financialization. Before the 1980s, most economies had similar shares of trade and financial openness, but cross-border financial transactions have been increasingly unrelated to trade since then.
Read the full story, “Financialization: Tackling the Other Virus”, on globalissues.org →
KUALA LUMPUR and PENANG, Jul 09 (IPS) – The 1971 Bretton Woods (BW) system collapse opened the way for financial globalization and transnational financialization. Before the 1980s, most economies had similar shares of trade and financial openness, but cross-border financial transactions have been increasingly unrelated to trade since then.Read the full story, “Financialization: Tackling the Other Virus”, on globalissues.org →