BANKING STRATEGY AND FINANCIAL EXCLUSION: TRACING THE PATHWAYS OF GLOBALIZATION

Authors

  • Gary A. Dymski

DOI:

https://doi.org/10.5380/re.v31i1.5021

Keywords:

estratégia bancária, exclusão financeira, globalização, banking strategy, financial exclusion, globalization

Abstract

This paper argues that the current world-wide scenario of liberalized banking and financial exclusion has emerged because of two successive phases of financial globalization: a macro-scale globalization beginning in the late 1970s and persisting two decades; and a micro-scale globalization that is, the movement across borders of banking firms and banking practices - beginning in the late 1980s and still gathering force. Contrary to those who view micro-scale globalization as shifting formerly sheltered national banking systems toward efficiency, this paper argues that micro-scale globalization is generating both financial inclusion for the privileged and financial exclusion for the poor or working poor. That is, the micro-scale globalization processes move not only along an efficiency/inefficiency axis, but also along an axis of wealth-equality/opportunity; and moves in the direction of efficiency may force a given economy further from the point of equality of opportunity and wealth.

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How to Cite

Dymski, G. A. (2005). BANKING STRATEGY AND FINANCIAL EXCLUSION: TRACING THE PATHWAYS OF GLOBALIZATION. Revista De Economia, 31(1). https://doi.org/10.5380/re.v31i1.5021

Issue

Vol. 31 No. 1 (2005)

Section

Artigos

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