What is the basic motivation of financial globalization, can you give an example?

1) The convergence of the economic systems of all countries in the world is economic globalization.

Development has removed institutional obstacles. In today's world, more and more countries have realized that the only way to choose is to choose a market economic system.

Only then can we accelerate the speed of our economic development and improve the operational efficiency and international competitiveness of our own economy. Due to the lack of external resources, information and competition, the closed economy presents a static state of economic development. Planned economic system.

However, due to the problems of incomplete, insufficient, asymmetrical and insufficient incentives, the inefficiency of resource allocation and use is caused. So, whether it is a traditional closed economy, or it originated in the former Soviet Union.

The planned economy has invariably embarked on the road of transformation to a market economy. The resulting convergence of economic systems among countries has eliminated commodities and factors of production.

Institutional barriers to the flow of capital and technology between countries have contributed to the development of economic globalization. (2) The progress of science and technology, especially the progress of information technology, has created a material foundation for the development of economic globalization. The current economic globalization has an important material and technological foundation, that is, information technology, which represents the latest science and technology of our time.

The advancement of information technology has reduced the cost of long-distance control for enterprises. For a modern enterprise, the degree of economic activity is manifested in the radius of economic activity of the enterprise. And the radius of activity of a business is related to the negative cost gain of its ownership control, i.e.:

The cost of long-distance control is low, the radius of enterprise activities is large, and the degree of economic globalization is high; The opposite is true. The cost of long-distance control is mainly the cost of information, and in today's era of information economy, there are many first-class technologies.

The development of the network economy and the birth of the network economy have greatly reduced this cost, and for a company that has the ability to expand globally, it can reach anywhere in the world with a small investment in information processing costs.

Answer: Hello, the globalization of the financial market refers to the transnational development of the financial industry, and the financial activities operate according to the same global rules, thus forming a trend of global integration. Take the Asian financial crisis in 97 as an example, it first broke out in Thailand, successively infected China, South Korea, Malaysia, Indonesia, and other Asian countries, and then jumped to Russia, Black Brothers and other countries, and although the subprime debt crisis originated in the United States, it has affected Europe and Japan and caused serious losses to Deutsche Bank, Credit Suisse and other banks.

1. The micro manifestations of financial globalization

From the micro level, since financial activities are capital transactions carried out by investors and financiers in the financial market through certain financial institutions and financial instruments, financial globalization is the globalization of financial activities. The globalization of financial activities can mainly include the following aspects:

First, the globalization of capital flows. With the globalization of investment and financing behavior, i.e., investors and financiers can choose the financial institutions and financial instruments that best meet their requirements on a global scale, capital flows have also become globalized. Since the 80s of the 20th century, international capital flows have shown a trend of continuous acceleration and expansion.

Especially since the 90s, international capital has swelled dramatically in unprecedented quantities, at an astonishing speed and in a rapidly changing form.

Second, the globalization of financial institutions. Financial institutions are the organizers and service providers of financial activities. The globalization of financial institutions refers to the establishment of branches abroad by financial institutions to form an international or global operation.

Since the 80s of the 20th century, in order to cope with the intensifying global competition in the financial services industry, large banks and other financial institutions in various countries have competed to expand their scale, expand their business scope and promote international operation as their strategic choices. Since the beginning of the 90s, some countries in the world have relaxed the restrictions on financial institutions of other countries to engage in financial business or set up branches in their own countries to varying degrees, thus promoting the expansion of banks in various countries overseas.

Third, the globalization of financial markets. The financial market is the carrier of financial activities, and the globalization of the financial market means that the market of financial transactions tends to be integrated beyond the limitations of time, space and geography. At present, the world's major international financial centers have been connected, and different types of financial markets around the world have become one, and financial markets are becoming more and more dependent and interrelated.

There are two important factors in the globalization of financial markets: one is to relax or remove restrictions on capital flows and cross-regional and cross-border operations of financial institutions, that is, financial liberalization; The second is financial innovation, including the creation of new financial instruments, financing methods and service methods, the application of new technologies, the development of new financial markets, and the implementation of new financial management or organizational forms.

To fully understand the role and impact of financial globalization, we can start from the following aspects:1Promoting economic development:

Financial globalization can promote international liberalization and investment liberalization, provide the necessary financial and technical support for the rapid economic growth of all countries, and help narrow the gap between developing and developed countries. 2.Increased risk and instability

The drastic fluctuations brought about by financial globalization may cause problems such as economic crises and currency crises, and may even trigger a global financial crisis. 3.Increasing employment opportunities:

The globalization of the financial industry has led to a wider range of employment opportunities around the world, while also increasing the income level of financial practitioners. 4.Deepening the reform of the financial market

Financial globalization also provides an opportunity for countries to strengthen financial supervision, which is conducive to deepening the reform and development of financial markets and improving the transparency and efficiency of financial markets. 5.Triggering a clash of cultures and a clash of values

While promoting the economic development of the Sun Debate School, financial globalization may also have an impact on local culture and social values, and exacerbate cultural frictions and contradictions. Therefore, in order to fully understand the role and impact of financial globalization, we need to comprehensively consider its various factors, not only to see its positive role in promoting economic development, but also to be vigilant against the risks and instability it brings.

The impact of financial globalization is complex and affects different countries.

On the one hand, financial globalization promotes the cross-border flow of capital, and capital can flow freely to various countries in search of higher returns and investment opportunities, which provides developing countries with opportunities for external capital and investment, but may also increase the risk of the national economy.

On the other hand, financial globalization has encouraged the development and expansion of multinational corporations, which can more easily obtain international financing, conduct global business, and carry out cross-border mergers and acquisitions on a global scale, which has an important impact on economic growth, job creation and technology transfer.

At the same time, financial globalization has also brought about competition and innovation pressure, prompting financial institutions to provide more efficient, transparent and convenient services. Therefore, financial globalization is of great significance to the development of the global economy and financial system, and at the same time, it also requires countries to strengthen supervision and cooperation to deal with potential risks and challenges.

capital flows, etc.

1. Financial globalization promotes the cross-border flow of capital, and funds can flow freely to various countries in order to seek higher returns and investment opportunities, which provides opportunities for external capital and investment for developing countries, but may also increase the risk of closing the economies of old countries.

2. Financial globalization has encouraged the development and expansion of multinational corporations, which can more easily obtain international financing, carry out global business, and carry out cross-border mergers and acquisitions on a global scale, which has an important impact on economic growth, job creation and technology transfer.

1) Globalization of financial institutions. It includes the two meanings of the approval of domestic financial institutions and the access of foreign financial institutions.

2) Globalization of financial business. It is mainly embodied in the fact that financial institutions dispatch funds on a global scale and operate various businesses, without distinction between international and domestic, and are not restricted by national borders.

3) Globalization of financial markets.

aThe financial markets of each region are interconnected and form a global financial market.

b. The trading entities and trading instruments of the financial markets of various countries are becoming increasingly globalized.

c. The gap between the major financial assets and the yields of the major financial assets in the financial markets of various countries is narrowing day by day.

4) Globalization of financial regulation and coordination. Financial supervision and coordination under the conditions of financial globalization rely more on the cooperation of countries, the role of international financial organizations, and the rules of international industry organizations.