IMF Seminars, Conferences and Workshops
ECONOMIC FORUMS AND INTERNATIONAL SEMINARS
Is Financial Globalization Harmful For Developing Countries?
Tuesday, May 27, 2003, 10:00 a.m.–11:30 a.m.
IMF Auditorium (Enter via the IMF Center)
720 19th St. N.W., Washington, DC
Transcript of this conference
View a webcast of this Economic Forum using Windows Media Player.
The recent wave of financial globalization since the mid-1980s has been marked by a surge in capital flows among industrial countries and, more notably, between industrial and developing countries. While these capital flows have been associated with high growth rates in some developing countries, a number of others have experienced significant financial crises, accompanied by sharp collapses in growth rates, over the same period. These crises have exacted serious macroeconomic and social costs, which raises the question: What, in fact, is reliably known about the effects of financial integration on developing countries? The following panelists will address this and related issues:
Kenneth Rogoff (Moderator)
C. Fred Bergsten