Discuss some of the manifestations of the globalization of world capital markets.
The implication of the increasing globalisation in the modern firm strategies is the integration of the global capital markets because now the firms have the capability of the firms in the economy to effectively access the capital outside their home countries. The capital that the firms are able to access outside their home countries can be in the form of bank loans and some other forms of foreign bonds. Globalization has the capacity to increase the productivity of the firms thereby creating more and more employment opportunities and subsequently contributing to economic growth and development.
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