ПЕРЕВОД НА АНГ.ЯЗЫК ЛЮБОЙ ФИНАНСОВОЙ ТЕМЫ

THE PROSPECTS OF INTEGRATION OF RUSSIA INTO THE WORLD FINANCIAL MARKET



The increasing number of the Russian companies is entering the world money-market. Financial management is becoming much more complex and risky. That’s why there is a necessity of both estimating the opportunities of Russian companies and general estimating the prospects of Russia’s integration into the world money-market.

Last decades were marked by important changes in world economic development.

The concept of integration of the national money-market into the world money-market has no unique interpretation in the mode
Russian economic literature. In the given work the general understanding of this term comprises all forms of strengthening relationships between the national money-market and money-markets of other countries.

This concept includes the strengthening of economic, informational, technical and organizational relationships between the given markets, as well as elimination of legal, economic, political, technological and psychological obstacles to free moving of capital.

The full financial integration has obvious benefits for Russia, particularly because the global financial system has been expanding more rapidly than any time in history.

The nexus between inte
ational financial integration – the degree to which an economy is integrated with and open to the inte
ational capital market – and economic growth continues to be one of the most debated issues among inte
ational economists. Do financially more open economies grow faster than closed ones, precisely because of their openness to the global capital market? Are policies sensible that promote growing inte
ational financial integration, hence financial globalization?

The benefits of financial globalization are well-known: it facilitates the transfer of savings across borders allowing savings to finance productive investment, promoting growth and job creation, as well as portfolio diversification. At the same time,...