Research Essay Proposal and Outline
Topic: Financial Globalization
Introductory Thesis Statement: Financial globalization can bring about large benefits, in particular to the development of the financial system. However, financial development can also lead to crises and contagion. The aim of this paper is to discuss the pros and cons of financial globalization and the measures that stakeholders can to address the risks associated with this concept.
Essay Outline
Introductory paragraph
Detail A: Definition of financial globalization
Detail B: History of financial globalization
Detail C: Conditions for financial globalizations
Detail D: Thesis statement
Literature review
Detail A: Review of the recent evidence observed on the implications of financial globalization
Detail B: Benefits of financial globalization
• Financial globalization as a process of economic growth
• Financial development as a process of poverty alleviation
• Financial globalization as an enhancement to international trade
• Role of financial globalization on the financial system of a country’s economy
Detail C: Disadvantages of financial globalization
• How financial globalization negatively affects developing countries
• How financial globalization can bring about financial crisis
• Case scenarios of financial crises caused by financial globalization
Detail D: Measures that involved institutions and authorities can take to address risks associated with financial globalization
Conclusion
Detail A: Thesis statement restated in different words
Detail B: The possible way forward to financial globalization including the factors that can help in harnessing the benefits of financial globalization
Works Cited
Bharadwaj, Ashish. “Reviving the Globalization and Poverty Debate: Effects of Real and Financial Integration on the Developing World.” Advances in Economics and BusinessVol.2.1 (2014): 42-57. Print.
Entry Statement: Bharadwa (42-57) provides an empirical examination of the relationship between financial globalization and poverty in developing countries.
Caprio, Gerard. The Evidence and Impact of Financial Globalization. Academic, 2012. 5-12. Print.
Entry Statement: Gerald (5-12) discusses the facets of financial globalization and the potential gains and risks of economic growth that can be experienced because of financial globalization (5-12).
Kose, Ayhan, Eswar Prasad, Kenneth Rogoff, and Shang-Jin Wei. “Financial Globalization and Economic Policies.” Handbook of Development Economics Vol.5 (2010): 4283-362. Print
Entry Statement: In a well-organized flow of ideas, it looks at the measurement and trends of financial globalization while taking into account the evolution of this concept and the factors that currently drive it. In addition, the authors provide the impact of globalization at a macroeconomic level.
Mendoza, Enrique, and Vincenzo Quadrini. “Financial Globalization, Financial Crises and Contagion.” 25 Mar. 2009. Web. 3 Apr. 2014. <http://www.carnegie-rochester.rochester.edu/april09-pdfs/mendozaquadrini.pdf>.
Entry Statement: Mendoza and Quadrini provide a contrasting perspective on whether or not the ongoing global financial crisis relates to financial globalization. Their findings contribute to an understanding of how the two, financial crisis, and globalization, relate to each other.
Mishkin, Frederic. The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich. New York, NY: Princeton UP, 2009:3-16. Print.
Entry Statement: Mishkin (3-16) provides an argument on whether or not financial globalization is beneficial as well as insights on its negative and positive aspects of financial.
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