Globalitation in Terms of Cooperation: A New Global Agenda

9 Pages Posted: 15 Apr 2019

See all articles by Steve flanderns

Steve flanderns

Sidney L. Gold & Associates, P.C.

Date Written: April 12, 2012

Abstract

In the developing countries the own currency is used as currency of habitual use, but not as a saving currency (the currencies are used). This translates into a decrease in the interest rates of developed countries as a result of the massive flight of capital from developing countries (developing countries put their capital in developed countries, increasing the supply of capital in the latter and , therefore, reducing its price to maintain the demand). This means that in order for national banks to grant loans, they must be requested from foreign banks, -> [Author: A], so that the risk of devaluation of the national currency could cause bankruptcies in the national bank, in addition to the consequent indebtedness.

Keywords: development, globalitation, world affairs. cooperation

JEL Classification: J10

Suggested Citation

flanderns, Steve, Globalitation in Terms of Cooperation: A New Global Agenda (April 12, 2012). Asian Development Bank Economics Working Paper Series No. 3. Available at SSRN: https://ssrn.com/abstract=3370860

Steve Flanderns (Contact Author)

Sidney L. Gold & Associates, P.C. ( email )

1835 Market Street, Suite 515
Philadelphia, PA 19103
United States

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