Financial Service Industry Report

monetary Service Industry Report Expanded Anna Lindh, a Swedish Social Democratic politician who served as Swedish government minister for Foreign Affairs from 1998 until her assassination in 2003,once said, Firstly, economic globalization has brought prosperity and development to many countries, but also monetary crises to Asia, Latin America and Russia, and increasing poverty and marginalization (Anna Lindh). economic globalization is the assimilation of domestic fiscal system of a rude with the worlds pecuniary markets (Das, 2006). In the world of economics, pecuniary institutions ar the leaders in the integration of financial markets globally. Financial institutions in the Global Economy Financial institutions are the leading guarantors of agility of trade and industry transactions deep down the world of finance (Bonvin & Dembinski, 2002). Financial institutions strengthen the global economy. The arms of financial institutions stint across the nations offer opportunities to distribute wealth. Under-developed countries are able to observe financial function from another country. These monies are redistributed within the country through the provision of financial services amongst the countrys citizens through banking needs.

Through the use of advanced technology, the globalization of the financial services industry has made services available and affordable. Countries are able to research available information and materialize the financial services industry that is the right fit for their needs. An individual may use the internet to search life insurance quotes and find the right policy with the greatest benefit (Garven, 2002). Financial institutions melt the economy by establishing economic policies. Government regulations can be guided through financial endowment. Financial institutions may invest in domestic and foreign markets. The globalization of the financial services industry has future opportunities available to them to expand its role... If you want to allow a full essay, order it on our website: Ordercustompaper.com

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