Globalization and financial market integration

Abstract

This article analyses some of the underlying global financial forces and the process by which the international institutions have evolved and their present contributions to global financial issues in the 21st century. The paper highlights the key principles that are necessary for further global financial market integration and the process of globalization. The paper argues that a holistic approach is needed in order to ensure that the process of globalization leads to international financial stability and global security. The paper also highlights the dynamic effects of a global system including the way multinational corporations can increase their investment and business activities with greater international capability in their contribution to the process of financial market integration.