Financial Globalisation | IEL Episode 5 - Part A
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Financial globalisation is convoluted. To navigate the architecture that facilitates flows of cross-border finance, it is necessary to understand a little (perhaps a lot) about the nature of commercial activity, monetary and fiscal policy, and global political economy, topics partially covered in this podcast. Central to the growth of commercial activity is capital, sometimes as equity but mostly as credit. To fund the production of tradeable goods or the delivery of tradeable services, providers need money. While this has always been true, the globalisation of a market for finance only developed during the neoliberal era; though it would be more accurate to acknowledge that the current version of financial globalisation is beset with a neoliberal personality.
In the following podcast, I examine both the history of the liberalisation of capital as well as the contemporary standing of capital in IEL.
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