This volume is concerned with the complexities of the relationship between globalization and different groups of … consumers in developing countries. Globalization, it is argued, can yield frustration and disappointment as well as welfare …

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …