Global Financial Trends Research Articles

Comparative Analysis of Financial Advancements in Mongolia

This paper looks into the financial advancements made by Mongolia over the 20th century towards the 21st century. It also looks into the global financial trends with an insight into the various factors contributing to the changes and developments in the global financial sector. It has analyzed the financial situation of Mongolia in the 20th century and how it has changed through various reforms and revolutionary measures in the 21st century. Various financial indicators have been compared between the last century and this century to identify the advancements made in the financial industry. It has identified various challenges in the financial sector of Mongolia and offered recommendations on how to solve these challenges.

New Global Financial Trends: Implications for Development

One of the most dramatic political-economic changes over the last 15 years has been the shift in patterns of international finance. At the beginning of the 1980s, a select group of prosperous Third World nations had privileged access to an enormous volume of commercial bank credit. They could also attract fairly important levels of direct investment. For all practical purposes, finance was no longer a binding constraint on the development strategies of this group of countries. Although poorer developing nations could not rely on private credit or investment, many of them had access to substantial amounts of fundsviabilateral donors and the multilateral institutions.