The progressive position on the global movement of financial capital is that
A) the rapid movement of financial capital into and out of a country can be destabilizing to the country's economy.
B) the free movement of financial capital from one country to another will ensure that it will be put to the most productive use.
C) the movement of financial capital out of the developed countries and into the developing countries will lead to greater inefficiency and lower productivity.
D) all international movement of financial capital should be regulated by the International Monetary Fund.

Question

Quizplus · Accepted Answer

The progressive position on the global movement of financial capital is that the rapid and unregulated movement of financial capital can destabilize a country's economy. This can lead to currency and financial crises, devaluation of currencies, and unemployment. Therefore, some level of regulation or control is necessary to ensure stability and prevent crises.

The Progressive Position on the Global Movement of Financial Capital