We analyze whether or not the globalization of capital, disciplines governments and improves governance. We demonstrate … that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This increased … straitjacket. However, globalization may also overdiscipline governments - resulting in a perverse impact on governmental …

distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial … financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …

. Participation of emerging economies in world trade and longer-distance trade between countries contribute to this usage increase …