Europe s Fitful Financial Integration

III. International cooperation to strengthen financial integration

quot Globalization, in particular global financial integration, implies opportunities and challenges.

45. Miss CUI Ying (China) said that global financial integration had led to accelerated flows of financial resources.

(d) Integration of the infrastructure financial management into the core ProFi system

Private Capital Flows to Developing Economies The Road to Financial Integration, 1997

Global financial integration and imbalances in financial and money markets had adversely affected many countries, particularly emerging market economies.

37. Financial integration, through loans on the financial markets, foreign investment and loans from international financial institutions, was proving more complex and less rapid.

(b) Report of the Secretary General on global financial integration (A 52 406)

9. Global financial integration presents new challenges and opportunities for the international community.

1 Developments were traced in two reports of the Secretary General, one entitled Global financial integration challenges and opportunities (A 51 388) and the other Global financial integration an update (A 52 406).

Venture Capital Development Tool , a Rio 5 Special Focus Report, by the South North Development Initiative, 1997 I. Economic integration and financial integration

The enabling conditions for the process were organizational integration, financial commitment and strategic control.

At the end of subparagraph (c), add and integration in the global financial system .

Bretton Woods meets ECOSOC on global financial integration , press release issued in English in April

Recognizing the weaknesses and the need to improve international financial architecture to enable it to deal with the new challenges of global financial integration,

51 166. Global financial integration and strengthening collaboration between the United Nations and the Bretton Woods institutions

There is universal recognition that global financial integration is not an option it is a historical shift.

Report of the Secretary General Contents Paragraphs Page I. Introduction II. Improving the macroeconomic environment for financial integration

However, despite legislative developments, the financial resources allocated to integration were scarce, particularly in the field of education.

With regard to global financial integration, stronger regulations were needed for domestic macroeconomic, financial and currency policy in order to lower the risks of financial and currency crises in developing and transition countries.

Globalization and integration of financial markets, together with outward oriented policies in developing countries, had generated significantly increased financial flows to certain parts of the developing world.

Cooperation among developing countries was changing the geography of international relations, particularly in trade, financial flows and regional integration.

Global financial integration offers great opportunities but also great challenges it offers benefits but it also poses great risks.

quot 1. Takes note of the report of the Secretary General on global financial integration an update A 52 406.

This integration of information systems is a major step towards the availability of online real time financial and related management information.

1. Takes note of the report of the Secretary General entitled quot Global financial integration an update quot A 52 406.

39. Release 3 was intended to cover accounting, financial and travel applications as well as integration with the existing procurement application.

2. In the light of these experiences, the General Assembly began a series of discussions on development and global financial integration.

In turn, the closer integration of global financial and other markets has meant that the knock on effects of economic and financial crime can seldom be confined to a single country.

Promotion of South South trade and financial integration were essential and African countries were encouraged to participate actively in the GSTP process.

This integration of information systems is a major step towards the availability of on line real time financial and related management information.

Second, China and Russia have financial systems that lack transparency, while Brazil and India are financially underdeveloped, putting further integration in the world economy at risk and increasing prospects for a financial crisis.

The Council had before it a note by the Secretary General identifying issues relating to global financial integration and development (E 1998 9).

The recent financial crises had occurred because the Governments concerned, among others, had failed to manage their countries integration into the capital markets.

Integration

Integration

Integration

Integration

The Government planned to make the integration of refugees a priority and called upon the international community to provide financial assistance for that purpose.

While such efforts had promoted their integration into the world capital market, they had also exposed the fragile financial systems of such countries to strong speculative pressures which had recently led to serious financial crises.

Europe also has much to gain from ongoing financial integration with the eventual goal of a truly pan European financial market. Greater market access, market reform, and efforts at regulatory harmonization including those under the EU's Financial Services Action Plan should help advance this trend.

The slow process of implementation of the HIPC initiative and the frequency of financial crises affecting middle income countries following their rapid integration into the global financial markets are sources of concern for the international community.

Trade and transport facilitation may be incorporated into regional integration processes such as the adoption of ICT, multimodal transport, financial instruments and regional energy markets.

Nevertheless, fundamental reforms in budgeting and accounting classifications and procedures are needed in most developing countries, together with computerization and integration of financial management systems.