Skip to main navigation menu Skip to main content Skip to site footer

PROBLEMS OF ENSURING ECONOMIC AND FINANCIAL STABILITY IN THE CONTEXT OF GLOBALIZATION

Abstract

This article examines the main challenges of ensuring economic and financial stability in the context of globalization. Globalization has intensified international economic integration, expanded financial markets, and accelerated capital mobility. While these processes create new opportunities for economic growth and development, they also increase vulnerability to external shocks, financial crises, and macroeconomic imbalances. The paper analyzes the impact of globalization on national economies, identifies key risks to economic and financial stability, and proposes policy recommendations to strengthen resilience in developing and transition economies. The research concludes that sustainable economic growth in the era of globalization requires strong institutions, diversified economies, effective monetary and fiscal policies, and enhanced international cooperation.

Keywords

globalization, economic stability, financial stability, macroeconomic policy, financial crisis, capital mobility, sustainable development.

PDF

References

  1. International Monetary Fund. (2023). Global Financial Stability Report. Washington, DC.
  2. World Bank. (2022). World Development Report 2022: Finance for an Equitable Recovery. Washington, DC.
  3. World Trade Organization. (2023). World Trade Statistical Review. Geneva.
  4. Stiglitz, J. E. (2002). Globalization and Its Discontents. W.W. Norton & Company.
  5. Rodrik, D. (2011). The Globalization Paradox. Oxford University Press.
  6. Mishkin, F. S. (2016). The Economics of Money, Banking, and Financial Markets. Pearson Education.
  7. Krugman, P., Obstfeld, M., & Melitz, M. (2018). International Economics: Theory and Policy. Pearson.

Downloads

Download data is not yet available.