Thursday, August 23, 2007

Putting Financial Globalization to Work

The IMF has a report about how globalization is enabling and effecting flow of capital to emerging markets. This is important because international funds bring international guidelines to a dormant market, it enables that market to open up and adopt international standards of trade. If Africa is going to develop it's going to need more capital flow, many countries are even starting to sell debt.

Nigeria, Ghana and many others are receiving important credit ratings from Moodys, and Standard & Poors. Credit ratings are important, because it gives a country the ability to sell notes to use for infrastructure and public work projects.

Read more of IMF report here:

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