"[
ABSTRAKPerkembangan situasi ekonomi internasaional semenjak tahun 1970-an
diwarnai dengan peningkatan lalu lintas modal antar negara yangt telah
menimbulkan perdebatan di kalangan praktisi dan akademisi. Dengan latar
belakang tersebut, tulisan ini mencoba mengangkat mengenai landasan teoritis
dari globalisasi keuangan yang diusung oleh dua pandangan liberal yaitu
Keynesian dan neoliberal. Tulisan ini menemukan bahwa kedua pandangan
tersebut memiliki posisi yang sama kuat di bidang akademis dan terdapat
perdebatan yang tidak berujung mengenai berbagai aspek dari globalisasi
keuangan. Tulisan ini kemudian menemukan bahwa literatur globalisasi keuangan
di negara berkembang sangat fokus pada pembahasan mengenai penyebab dan
konsekuensi dari fenomena tersebut.
ABSTRACTInternational economics has witnessed a dramatic increase in capital flows
between countries since 1970s. It has also sparked debate between practitioners
and academician in explaining this phenomenon. Against this backdrop, this
literature review tries to explain the theoretical foundation of the financial
globalization using liberal and Keynesian perspective. This literature finds that
both perspectives are well-argued and the debate reaches an inconclusivity. This
literature also finds that most of the writings about globalization in developing
countries focus on the cause and effect of that particular phenomenon., International economics has witnessed a dramatic increase in capital flows
between countries since 1970s. It has also sparked debate between practitioners
and academician in explaining this phenomenon. Against this backdrop, this
literature review tries to explain the theoretical foundation of the financial
globalization using liberal and Keynesian perspective. This literature finds that
both perspectives are well-argued and the debate reaches an inconclusivity. This
literature also finds that most of the writings about globalization in developing
countries focus on the cause and effect of that particular phenomenon.]"