The Impact of Financial Globalization and International Capital Flows on National Economies

The modern world economy assumes significant involvement of many national economies in the process of creating a unified financial system. Thanks to the process of globalization, many national economies have gained the opportunity to interact with other partners, which increases the efficiency of resource allocation, including financial ones. However, in addition to the obvious advantages that the countries participating in the process of economic globalization receive, there are many risks for national economies. This risk requires a more in-depth analysis in order to be able to provide recommendations to the countries participating in the globalization process on minimizing their negative impact.