Question: Qu. 2 15 marks Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly relevant for all markets (developed, emerging and developing)

Qu. 2 15 marks

Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly relevant for all markets (developed, emerging and developing) as they integrate financially with the rest of the world. Financial globalization tends to improve the financial infrastructure. An improved financial sector infrastructure means that borrowers and lenders operate in a more transparent, competitive, and efficient financial system.

  1. In what ways has financial globalisation improved the financial service sector of your country? 8 marks

  1. Developing countries have not fully benefited from financial globalisation. Why? 7 marks

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