High volatility and enormous international capital flows are negative effects of the globalization of financial markets that can lead to financial crises like those of the 1990s. The Tobin tax often has been put forward as a measure to diminish globalization risks since it is claimed to...

"Transnational corporations are one of the most important actors in the global economy, occupying a more powerful position than ever before. In their persistent battle to maximize profits, they have increasingly turned to the developing world, a world that holds many attractions for them. But...