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Financial Globalisation :dollar: :earth_africa: - Coggle Diagram
Financial Globalisation
:dollar: :earth_africa:
International institutions
:bank: 28
IMF :moneybag:
Post 1944 Economic stability
#
:
Strategic financial policies
#
Structural reforms
Monetary policy
Fiscal policy
World Bank :classical_building:
Global problems :cry:
Eradicate poverty
Shared prosperity
Post 1944 Economic cooperation
#
Economic, financial flows
:left_right_arrow: 103
Economic indicators
:page_facing_up:
Global imbalances
:scales:
Cause :question:
Surpluses
China, OPEC etc
Exporting countries :ship:
Deficits (persistent)
Importing countries
USA, some EU
Positive :check:
Inter-tempororal smoothing
Savings
Investment needs
Negative :red_cross:
Large imbalances
Systemic problems
Disruptive adjustments
Solution :point_up_2:
Market forces :chart_with_upwards_trend:
Government actions
#
:pen:
Surplus spend :shopping_bags:
Reinvest more :bank:
Balance of payments
Tracking transactions
Firms
Gov. Bodies
#
Individuals
Parts
Current account
#
Import export
Incomes and transfers
Capital account
Capital transfers
Abroad
From abroad
Financial account
Claims on liabilities
Financial assets
Reserve assets
Commodities
Currencies
Financial capital
Portfolio Investments
Direct investments
Financial inflows
Foreign Direct Investments
:dollar:
Company investment (Multinationals) :money_with_wings:
Purpose :question:
Operational control :copyright:
Owning facilities :house:
Portfolio Investment
:briefcase:
Who invests ?
Companies :factory:
Buy shares
Individuals :silhouette:
buy-sell assets
Multinationals role
:male-office-worker: 44
Growth implications
Positive :check:
Big innovative projects :ledger:
"Free service" (Google...) :computer:
Public good
Negative :no_entry:
Unhealthy competition
#
Tax avoidance :heavy_minus_sign: :heavy_dollar_sign:
#
#
Lobby own advantage :male-judge:
#
Financial power
Where keep cash
#
What currency
#
Transfer Pricing :left_right_arrow:
Inside tarrif
#
:hand: :ear:
Mispricing Manipulations :dolls:
#
#
Trade within company
CSR
:notebook_with_decorative_cover:
Ethical issues
Legal responsibilities
Economic responsibilities
International Taxation
:male-pilot::skin-tone-2: 45
Tax rate
Governments differences :flag-us: :flag-gb:
Taxation mechanisms :gear:
Legislative variances
Multinational Corporations
Transfer Pricing
Arm's-length
Distorted prices
#
:red_cross:
#
Fair pricing :check:
Tax justice :check:
Unitary Taxation
Tax parts MNC
Tax assets
Obstacles :forbidden:
Path dependency
Vested Interest
Technical issues
Transfer mispricing
Prevalent Arm's-length
Tax evasion :oncoming_police_car:
Not reporting
Not paying
Exchange rate issues
:money_with_wings: 19
Volatility
Assets values
Liabilities
Causes
Economic Crisis
Interest Rates
Speculation
Governmental decissions
Effects
Increased export
Inflation
International Financial reporting
:books: 39
IFRS + IASB Mission
:rocket:
Accountability
No Information gap
Vital for Regulators :potable_water:
Efficiency
Reduce Costs
Opportunities
Transparency
#
#
Why addopt ?
:question:
Quality Standards :star:
Borderless markets
Risk + Investment Opportunity :heavy_minus_sign: :heavy_plus_sign:
Comparable data
Efficiency Capital Market :chart_with_upwards_trend:
IASC 1973
Global accounting Standard
Investers, lenders transparent info