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Both of these roles are dependent upon each other; as a result, financial globalization does not affect the fundamental aims of monetary policy. Money is a global commodity in its own right. Money is the juice to globalization in two senses: oiling the wheels of commerce and acting as a gambling bet (Alex MacGillvray)...
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Money is the juice to globalization in two senses: oiling the wheels of commerce and acting as a gambling bet (Alex MacGillvray). Many fail to realize that this entire issue revolves around gold and oil. Global financial flows are becoming the most contested area of the globalization debate; because of unrepayable loans to poor nations...
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