Comment on Schularick: Real Sector Globalization Precedes Financial Globalization
Dev Kar
Abstract
Dev Kar
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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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