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Econ 103 online Class - the Gfmfs in Global Economics

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                                                                                Anastasia Koudriavtseva                                                                                         Dr Sarri                                                                                                        Econ 103, online class                                                                                         Globalization Ch2

                                                                        

        The GFMFS in global economics is the global financial system chiefly composed of the ECB, EFS, and the IMF. GFMFS provide structure and stabilize the global economy. But GFMFS are not perfect and incorporate moral and ethical flaws into their evolving structure. If GFMFS are built upon moral and ethical values, then real and currency economic good will be maximized. Understanding GFMFS will enlighten me to the morals and ethics of the global financial system.

        The main agents driving financial globalization are governments borrowers, financial institutions, and private investors. They help countries become more financially stable. Financial globalization facilitates the transfer of savings across borders allowing savings to finance productive investment, promoting growth and job creation, as well as portfolio diversification. At the same time, the process of integration also injects healthy competition to the domestic banking system. Monitoring corporations, adequate financial discloser, is what helps corporations achieve good practices.

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