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Developed countries are those with a greater advance in development. It can be said that
many of the international markets most important capital of the world are the countries
belonging to what is known as the G-8 that over time have shown an increase in their
financial markets by issuing bonds and actions.
Capital flows from rich countries, where the economies of developed countries was the only
beneficiary, which has led in certain cities like London, Tokyo, New York and Frankfurt the
most important capital flows focus of the world. Different forces have fostered the recent
development of the capital market and financial globalization. These forces are: government
policies, technological and financial innovation, and factors of demand and supply.
The other hand there not only developed countries have benefited from the changes in
financial markets, but also global trends have affected developing countries in at least two
ways. First the financial markets of other countries have made available to the other countries
in order to attract their domestic markets to international level and secondly the economies of
developing countries have used the methods used capital markets that characterized
developed economies by reforming their local markets.
On the other hand promote the development of domestic capital market however some
countries have not been developed due to lack of reforms.
The fundamentals that drive the internationalization of securities markets are analyzed.
Policy Implications
Stock markets in emerging economies, especially in Latin America, it is disappointing despite
the reforms introduced two decades ago. Addition in emerging capital markets remain
underdeveloped, other countries experienced deterioration in their capital markets finally
about Latin America the result is discouraging because capital markets are lower than
expected.
Conclusions
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Positive effects
Negative effects
The list of big business in international markets can have a negative impact on the
negotiations of the domestic market.
The funding in international markets is volatile.