PPT-DEEPENED FINANCIAL INTEGRATION AND

CHANGING VULNERABILITIES OF THE GLOBAL SOUTH Yılmaz Akyüz Chief Economist South Centre Former Director and Chief Economist UNCTAD Geneva G24 Technical Group Meeting 2728 February 2018 Colombo Sri Lanka. 1IntroductionThecurrentaccountdecitoftheUnitedStateswillreach2percentagepointsoftheworld'sGDPbytheendof2006andthecountry'snetforeignliabilitieswillreach8percentofglobaloutput.TheIMF(2006)expectstheU. Why Full Financial Integration May Be Undesirable. Joseph E. Stiglitz. AEA Meetings. Atlanta, January 2010. Standard Theory. Argues that global financial integration spreads risk around the world. And therefore should enhance stability. Flow of Financial Services. 19 June 2015. Wilhelmina C. . Mañalac. Managing Director, International Sub-Sector. Bangko. . Sentral. . ng. . Pilipinas. Outline of Presentation. ASEAN Background. What, Who and Why?. Key definitions. Organic growth: . growth from “within the business” e.g. new products; expansion into new markets. External growth: . use of takeovers & mergers. With strategy – firms have a . Session 3: Asian Financial Cooperation. Doowon. Lee. Financial Sector in Korea: Competitiveness & Problems. Relatively Weak Competitiveness . Index. Low . Productivity. Growing Size. Ranks of Korean Economy and Financial Market. Strategic Integration Target 2. Board of Trustees Strategic Outcomes. July 2014. Trustees Strategic Outcomes. Strategic Integration Target 2. “Develop . and implement a comprehensive financial management structure for the entire System that enhances transparency, enables appropriate fiscal control, and advances comprehensive intra-system collaboration. . fire be~inning of 1929, the nation seet)~cd a permanent ofpros- pcn'ty. Business and fon!qrr trade both were expar~din~q, the stock tblarket was at a rate, and tlatiotrnl leadership Strategic Integration Target 2. Board of Trustees Strategic Outcomes. July 2014. Trustees Strategic Outcomes. Strategic Integration Target 2. “Develop . and implement a comprehensive financial management structure for the entire System that enhances transparency, enables appropriate fiscal control, and advances comprehensive intra-system collaboration. . A four stage approach to mergers within the charity sector. Guided by the Business Strategy determine a short-list of target merger candidates. . Merger Strategy. Feasibility. Integration Planning. Integration/ Execution. Background and Rationale. The process of integration within the region is increasingly deepening;. financial integration. movement of people (tourism or mode IV). increased trade.. The intervention of the CBTT and Gov’t of Trinidad and Tobago into the operations of CL Financial revealed the inadequacy of data on regional linkages. UNIVERSITY. Samuel . Uche. . Amanze. , PhD. Director, Audit, Risk and Compliance, Babcock University. Ilishan. Remo, . Ogun. State, Nigeria. Introduction. The concept of Auditing and Compliance and the expectation gap. Andrew K. Rose. NUS-Business. Berkeley-Haas, ABFER, CEPR and NBER. Multilateral Trade Weakening. Before we become concerned, we should try to understand causes. First, some long run causes. Rose G20: Trade Tension and Financial Stability . CHANGING VULNERABILITIES OF THE GLOBAL SOUTH. Yılmaz Akyüz. Chief Economist, South Centre, Former Director and Chief Economist, UNCTAD, Geneva. G-24 Technical Group Meeting, . 27-28 February 2018, Colombo, Sri Lanka. Andrew K. Rose. NUS-Business. Berkeley-Haas, ABFER, CEPR and NBER. Financial Times/Citi, Singapore Jan 2020. Declining Trade Growth: Long Run Causes. Not all barriers to trade are “artificial” impediments (protectionism).