[ABSTRAK
Perkembangan situasi ekonomi internasaional semenjak tahun 1970-andiwarnai dengan peningkatan lalu lintas modal antar negara yangt telahmenimbulkan perdebatan di kalangan praktisi dan akademisi. Dengan latarbelakang tersebut, tulisan ini mencoba mengangkat mengenai landasan teoritisdari globalisasi keuangan yang diusung oleh dua pandangan liberal yaituKeynesian dan neoliberal. Tulisan ini menemukan bahwa kedua pandangantersebut memiliki posisi yang sama kuat di bidang akademis dan terdapatperdebatan yang tidak berujung mengenai berbagai aspek dari globalisasikeuangan. Tulisan ini kemudian menemukan bahwa literatur globalisasi keuangandi negara berkembang sangat fokus pada pembahasan mengenai penyebab dankonsekuensi dari fenomena tersebut.

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ABSTRACT
International economics has witnessed a dramatic increase in capital flowsbetween countries since 1970s. It has also sparked debate between practitionersand academician in explaining this phenomenon. Against this backdrop, thisliterature review tries to explain the theoretical foundation of the financialglobalization using liberal and Keynesian perspective. This literature finds thatboth perspectives are well-argued and the debate reaches an inconclusivity. Thisliterature also finds that most of the writings about globalization in developingcountries focus on the cause and effect of that particular phenomenon., International economics has witnessed a dramatic increase in capital flowsbetween countries since 1970s. It has also sparked debate between practitionersand academician in explaining this phenomenon. Against this backdrop, thisliterature review tries to explain the theoretical foundation of the financialglobalization using liberal and Keynesian perspective. This literature finds thatboth perspectives are well-argued and the debate reaches an inconclusivity. Thisliterature also finds that most of the writings about globalization in developingcountries focus on the cause and effect of that particular phenomenon.]