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Outline

Global financial challenges for the new millenium

1998, Global Finance Journal

https://doi.org/10.1016/S1044-0283(98)90011-4

Abstract

During the past decade we have witnessed a great deal of changes, many triumphs and tragedies. We have seen the rush to privatization and marketization of many centrally-planned economies, removal of trade barriers, trade pacts and economic unions, to integration of financial markets. Some of these changes have had dramatic impacts on the financial community and global economy. New technologies-especially in computers, electronics, and communications-have changed the global economy's landscape. The impact of such changes will be even more dramatic in the future. The Internet and multimedia have and are putting their marks on almost everything including, banking and financial services, education, marketing, engineering, sciences, medical technology, geography, art, and even zoology. We have witnessed financial crises, monetary and otherwise, that are so rampant all over the world, from Chile, to Mexico, to the Asian Tigers: Thailand,