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Comment on Schularick: Real Sector Globalization Precedes Financial Globalization

Dev Kar

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Abstract

Financial globalization cannot evolve in a vacuum. Dev Kar argues that real globalization in product markets is the ultimate source of financial globalization and must enter the equation when considering remedies.

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What this paper is about

Financial globalization cannot evolve in a vacuum. Dev Kar argues that real globalization in product markets is the ultimate source of financial globalization and must enter the equation when considering remedies.

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Available abstract

Financial globalization cannot evolve in a vacuum. Dev Kar argues that real globalization in product markets is the ultimate source of financial globalization and must enter the equation when considering remedies.

Key concepts: Globalization, Financial globalization, Product (mathematics), Financial market, Business, Economics, Market economy, Finance

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