Who would agree with this statement: We live in an increasingly borderless world,in which international capital flows are rendering traditional monetary policy increasingly obsolete.

Question

Quizplus · Accepted Answer

Both Kenichi Ohmae and Marc Levinson have written extensively about the increasing global interconnectedness and the challenges it poses to traditional economic policies, especially in the context of global capital flows. Ohmae coined the term "borderless world" to describe this phenomenon, while Levinson has written about the history of international finance and trade in his book "The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger." Both authors would likely agree with the statement that international capital flows are rendering traditional monetary policy increasingly obsolete.

Who Would Agree with This Statement: We Live in an Increasingly