Front Cover -- Contents -- Foreword -- Acknowledgments -- Contributors -- Abbreviations -- Overview -- Trade and FDI Patterns -- The High-Tech Sector: FDI and Export Performance -- Insurance: The End of a Monopoly and a New Beginning for a Market -- Telecommunications and the End of Another...

The overall impact of financial globalization on the domestic financial sector is profound. Liberalization of capital flows has effectively made domestic financial repression obsolete. The consequences have not been uniformly favorable. Following liberalization, domestic interest rates in...