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| Srl | Item |
| 1 |
ID:
132573
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| Publication |
2014.
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| Summary/Abstract |
For fifty years Myanmar has been without a properly functioning financial system. This absence has been a significant brake on the efficacy of reform in Myanmar, on foreign investment, and on the ability of Myanmar firms to raise the capital they need to grow and prosper. Since 2011, however, critical but limited reforms have been put in place by Myanmar's new government. These include reforms to Myanmar's exchange rate arrangements, and the granting of a degree of formal autonomy to the country's central bank. Other reforms, pending but not yet implemented, include allowing a role for foreign banks, and making changes to the broader regulatory arrangements that currently greatly constrain the operations of Myanmar's banks. In recent times much progress has been made in creating the financial institutions Myanmar needs to achieve transformational growth, but much remains to be done.
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| 2 |
ID:
129682
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| Publication |
2014.
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| Summary/Abstract |
Globalisation involves geographically wider transaction networks and has multiple interrelated dimensions. The globalisation process has geographical scope, volume and density of transactions, and a direction and pace of change. Globalization has a long history, and the local and the global have almost continuously interacted. Most forward changes have been incremental, and there have also been major reversals or almost complete system-breakdowns. There are numerous drivers of globalization of different types, persons, and groups with varying motives, and anonymous drivers like technology, weather, and disease. The article devotes most attention to a review of selected patterns and trends in contemporary globalisation These are climate change; demographic trends, income inequality, and migration; security concerns, technology, and peacekeeping; competing ideologies; the global economy, equities, trade, banking reform, and tax havens; and shifting power relationships among the United States, Europe, China, Japan, and Emerging Markets.
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