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Financial integration from "summary" of Globalization by

Financial integration is a crucial element of globalization, as it involves the linking of financial markets across different countries. This process allows for the free flow of capital, investments, and financial services between nations. In a financially integrated world, barriers to cross-border financial transactions are reduced or eliminated, enabling individuals, businesses, and governments to access a wider array of financial products and services. One of the key drivers of financial integration is technological advancement, particularly in the realm of information and communication technologies. These advancements have facilitated the rapid transmission of financial information and the execution of financial transactions across borders. As a result, investors can now easily diversify their portfolios by investing in assets from various countries, leading to a more interconnected and interdependent global financial system. Financial integ...
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