Economic Strategy and National Security: A Next Generation Approach

By Patrick J. DeSouza | Go to book overview
Save to active project

Chapter 11
U.S. Capital Markets Leadership in the Changing Global Economy

J. Carter Beese Jr.


Introduction

Once confined within boundaries and borders, capital is now capable of disregarding those restrictions as new developments in technology, consolidation of financial institutions, increasing liquidity of previously restricted capital, and harmonization of accounting standards accelerate the speed and size of cross-border capital flows. As capital markets continue to integrate, it is becoming harder for the United States--and the rest of the world--to distinguish between what is considered a "foreign" policy matter and what was once viewed as a traditional "domestic" concern. Moreover, U.S. and foreign investors have been increasing cross-border investments, further eroding those boundaries that used to segregate foreign and domestic issues.

Foreign holdings of U.S. securities have grown from just under $950 billion in 1990 to nearly $3,365 billion in 1998. Similarly, U.S.

-189-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
Economic Strategy and National Security: A Next Generation Approach
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 404

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?