Financial globalization has not resulted in: A. an increase in quantity and speed in the flow of capital across the world. B. capital markets less open and a decrease in the availability of capital for many organizations. C. uniform ways of ownership, control, and governance across the world. D. continuing imbalances of balance of payments.

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Business

Madeline

7 August, 19:02

Financial globalization has not resulted in: A. an increase in quantity and speed in the flow of capital across the world. B. capital markets less open and a decrease in the availability of capital for many organizations. C. uniform ways of ownership, control, and governance across the world. D. continuing imbalances of balance of payments.

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Answers (1)

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Braelyn Crosby · Answer 1

Correct answer is (C) uniform ways of ownership, control, and governance across the world

Explanation:

Financial globalization is a process whereby there is cross border financial flow. Its is way of pooling each nation's financial resources together so as to ensure integration financial market such as having world central bank with single currency in operation.

Financial globalization has not resulted in uniform ways of ownership, control, and governance across the world. This is due to the fact that most countries are not having equal or similar economic level, some are advance, some are developed, some are developing while some are underdeveloped. This is making it difficult to operate on the same level and thereby the standard of living are different. Like it is known that one cannot compare economy and development in USA with that in any country in the whole of Africa continent.