The globalisation experience and its challenges for the ...

Financial openness In terms of financial openness, globalisation came in at a more moderate pace. The country’s total capital flows increased from 3.1 % of GDP in the 1990s to 3.4% of GDP in the 2000s (Figure 1). While the Philippines started to liberalis e the foreign exchange

  Challenges, Financial, Experience, Openness, Globalisation, Globalisation experience and its challenges, Financial openness