Economic and Financial Globalization and their Impact on Banking Liberalization.

This article explores the concept of economic and financial globalization and its impact on banking liberalization. It discusses how globalization affects international relations in various dimensions and highlights the integration of local financial markets with the global economy. The article emphasizes the positive and negative effects of financial globalization on the banking system, including increased competition and the entry of non-banking institutions as competitors. It also discusses the challenges and advantages of banking liberalization, such as improved bank performance and the possibility of foreign banks dominating the market. The text concludes by emphasizing the importance of global economic developments in promoting banking liberalization. [Extracted from the article]