Economic Globalization and Asia: Trade, Finance, and Taxation

Rajan, Ramkishen S., ASEAN Economic Bulletin

I. Introduction

Economic globalization, broadly defined as the shrinkage of economic distances (i.e. costs of doing business) between nations, is more accurately seen as consisting of two separate but not necessarily mutually exclusive trends: globalization of production and trade, and globalization of finance and capital flows. Both aspects of globalization have been aided and abetted by three factors. First are the innovations and advances in transportation, information, and communications technologies such as the Internet (Baldwin and Martin 1999). Second is the push by the various international institutions towards global economic liberalization (i.e. reduced policy barriers …

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Publication information: Article title: Economic Globalization and Asia: Trade, Finance, and Taxation. Contributors: Rajan, Ramkishen S. - Author. Journal title: ASEAN Economic Bulletin. Volume: 18. Issue: 1 Publication date: April 2001. Page number: 1+. © 2008 Institute of Southeast Asian Studies (ISEAS). Provided by ProQuest LLC. All Rights Reserved.

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