This paper analyses the main changes in the global economy as well as their effects on the real power of countries that have great potential power. The analysis of the evolution of effective power in the era of economic globalization deals with trade, productive, technological, monetary and...

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality, and trade openness appear to help...