Question 1
Financial globalisation has occasioned a number of unprecedented effects on the world economy. Through the extensive flow of finances between economies, there has been a trend for businesses and individuals to invest their money where it fetches the best returns. Most notable of this is the tendency by the wealthy from the developed nations to invest in developing economies mostly in Africa to take advantage of certain conditions such as lenient taxation and favourable interest rates as well as affordable labour (Prasad, Eswar, et al. 201). The same can be said of the tendency by most companies to set ...