“In reality, the world banking and trading systems are interdependent; this conference will strengthen our credit and finance networks and support better day to day decision-making.” – Roger L. Torneden, Ph.D., CFP®, Director of Business, Management and Legal Programs, UCLA Extension
Much of the discussion on financial services in the global economy emphasizes transparency, their impact on economic growth, strengthening financial institutions and best practices. While useful, they ignore the rules that govern financial services within the global economy, particularly those established under bilateral, regional and multi-lateral regulated trade agreements. Regulated trade agreements (RTAs) refer to trade deals that establish trade rules and create a role for governments to manage international trade. RTA more accurately describes the commonly accepted term free trade agreement, which, in practice, contradicts the definition of free trade in the classical and neo-classical sense. Research on the link between RTAs and the financial services industry remains limited, especially within the last 10 years.It is worth underscoring the role of RTAs in setting the rules, governing, and creating opportunities and challenges for the financial services sector. Case studies, such as the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) and the Trans-Pacific Partnership Agreement (TPP), illustrate how these RTAs are negotiated and effect financial services in each market that is a member of the select RTAs. The session contributes to the overall discussion on financial services in the global economy by shifting the focus away from business principles and practices alone toward the policies and political factors that shape financial service outcomes.
Bringing together business credit professionals worldwide. Join us and raise your corporate profile with a powerful audience of global B2B professionals from the public, private and government sectors. Please click here for more information about exhibits and sponsorships for GFC2017.
Join our mailing list to get the latest updates on this world class event.