Titlebook: Democratizing Global Governance; E?ref Aksu (Research Associate),Joseph A. Camiller Book 2002 Palgrave Macmillan, a division of Macmillan

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The Role of Portfolio Investors in the Asian Financial Crisisation) or on imprudent lending and panicked over-reaction by foreign banks, particularly commercial and investment banks (the ‘financial panic’ explanation). In doing so, both camps have downplayed the role played by western portfolio investment.

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Financial Globalization: the State, Capital and Policy-makingother important dimension to globalization, which is integral to technological change, and which Giddens has aptly characterized as ‘the intensification of world wide social relations which link distinct localities in such a way that local happenings are shaped by events occurring many miles away and vice versa’..

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