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Discuss the pros and cons of financial globalization and possible stakeholders’ measures to address associated risks

Athabasca University
Essay Proposal: The pros and cons of financial globalization and possible stakeholders’ measures to address associated risks
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Research Essay Proposal and Outline
Topic: Financial Globalization
Introductory Thesis Statement: Financial globalization can bring about large benefits, in particular to the development of the financial system. However, financial development can also lead to crises and contagion. The aim of this paper is to discuss the pros and cons of financial globalization and the measures that stakeholders can to address the risks associated with this concept .
Essay Outline
Introductory paragraph
Detail A: Definition of financial globalization
Detail B: History of financial globalization
Detail C: Conditions for financial globalizations
Detail D: Thesis statement
Literature review
Detail A: Review of the recent evidence observed on the implications of financial globalization
Detail B: Benefits of financial globalization
• Financial globalization as a process of economic growth
• Financial development as a process of poverty alleviation
• Financial globalization as an enhancement to international trade
• Role of financial globalization on the financial system of a country’s economy
Detail C: Disadvantages of financial globalization
• How financial globalization negatively affects developing countries
• How financial globalization can bring about financial crisis
• Case scenarios of financial crises caused by financial globalization
Detail D: Measures that involved institutions and authorities can take to address risks associated with financial globalization
Conclusion
Detail A: Thesis statement restated in different words
Detail B: The possible way forward to financial globalization including the factors that can help in harnessing the benefits of financial globalization

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