Jomo Kwame Sundaram: The Global Market and Nation States (5/7)

The video discusses the challenges of financial globalization, highlighting the net flow of funds from poorer to richer countries, the role of FDI, and the volatility introduced by 'hot money'. It examines the implications of capital flows, financial fragility, and the widening global imbalances. The speaker also addresses inequality within and among countries, emphasizing the need for national reforms, prudential risk management, and broader financial inclusion. The importance of corporate social responsibility is also touched upon.

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