Emerging economies need to strike balance

THERE is a need for emerging market economies to strike a balance between the need to maximise the benefits of the financial globalisation and to maintain financial stability for long-term sustainable growth, according to a Public Bank research paper published in the January issue of its Economic Review. 

In examining the pros and cons of financial globalisation, the research paper said that globalisation had allowed emerging market economies to further develop their capital markets by diversifying the structure of national capital markets to include the development of tradable securities.