Progressively liberalizing trade and FDI regime underpinned market-led profit-motivated regionalization in the high-performing Asian economies. The market expansion and regional integration that took place in Asia was both vertical and horizontal. First the NIAEs and then the other...

One of the many definitions of financial globalization is integration of domestic financial system of a country with the global financial markets and institutions. Enabling framework of financial globalization essentially includes liberalization and deregulation of the domestic financial sector...