Business, Management and Accounting
4 years ago

Global governance faces challenges with Tobin Tax controversy and international institutions.

Edward Elgar Publishing eBooks
The Tobin tax revisited in the context of global governance on capital markets
Kwan S. Kim, Seok-Hyeon Kim

Paper Summary

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The article examines how global institutions like the Tobin Tax and the Bank for International Settlements impact global governance on capital markets. It discusses controversies around the Tobin Tax and the role of international institutions in trade, FDI, and development issues. The authors question if these institutions can help reduce global economic inequalities. They also evaluate the actions of the Bank for International Settlements in this context.