THE CONTEMPORARY

WORLD
The Market Integrat on
Act vity Sheet No. 3

Name: _Karl Niño Simbajon _ Date: Mar 30 2023

Year and Course: _BSIS 2 Score:

1. First column presents the role of global financial institutions according to Stiglitz.
2. In the second column you are to provide a one sentence discussion of your
understanding to the importance of each role.
*Between20-30wordsdiscussionforeachoftherole.

Role of Financ al Inst tutions Importance

1. Financial restructuring Macroeconomic policies focus on managing the overall
performance of an economy, while microeconomic policies
target specific industries or markets. Both are crucial for
achieving economic stability and growth.
2. Corporate governance Corporate governance is important because it ensures that
companies operate in an ethical and transparent manner,
maintain accountability to stakeholders, and minimize the
risk of financial and reputational damage.
3. Preventing Crises by Preventing crises by controlling capital flows is important
Controlling Capital Flows because uncontrolled flows can lead to excessive speculation,
asset bubbles, and currency volatility, causing
economic instability and financial crises.
4. The importance and Information is crucial for decision-making, problem- solving,
limitations of and knowledge acquisition, but it also has limitations such as
information potential biases, inaccuracies, and
information overload.
5. The Role of the World The World Bank plays a crucial role in providing financial
Bank and technical assistance to developing countries, promoting
economic growth, reducing poverty, and
improving living standards.