Financial Systems Role in Improving Competitive Strength in Global Commerce

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ACKNOWLEDGEMENT

My thanks go out to all who have helped me complete this study and with whom this project may have not been possible. In particular, my gratitude goes out to friends, facilitator and family for extensive and helpful comments on early drafts. I am also deeply indebted to the authors who have shared my interest and preceded me. Their works provided me with a host of information to learn from and build upon, also served as examples to emulate.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, and this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views and not essentially which are associated with university.

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ABSTRACT

This research study is an attempt to explore the role that financial systems play in improving the competitive strength of global commerce. Financial system is known as the collection of laws, markets, regulations, institutions and techniques with which the stocks, bonds and the other securities are traded, rate of interest are determined and the services are delivered and produced all around the globe. Financial system is considered to be the most significant creations of the world today. The basic purpose of the task is move the funds that are scarce, from the people who have savings, lend to those who borrow in order to buy services and goods and to make an investment in the new facilities and equipments that can help the economy all around the globe and increase the living standard that is enjoyed by the people of the country. This research has adopted a secondary research in order to meet the purpose of this dissertation. The literature from the current studies have been incorporated I this study in order to meet the aim of the study. TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 01: INTRODUCTION1

1.1 Background of the Study1

1.2 Aim and Objectives2

1.3 Research Questions2

1.4 Significance of the Study2

1.5 Layout of the Dissertation3

CHAPTER 02: LITERATURE REVIEW4

2.1 Introduction4

2.2. The Organisation of the Financial System4

2.3 Financial Systems and the Global Economy5

2.3.1 Financial Intermediaries and Savings7

2.3 The Role of Markets in the Global Economic System10

2.4 Overview of the Financial System12

2.5 Financial System Functions12

CHAPTER 03: METHODOLOGY14

3.1 Introduction14

3.2 Research Method14

3.3 Overview of the Secondary Research14

3.4 Pros and Cons of Secondary Research Method16

3.5 Inclusion and Exclusion Criteria18

CHAPTER 04: ANALYSIS AND DISCUSSION19

4.1 Introduction19

4.2 Secondary Data Analysis19

4.2.1 Importance of the Financial System19

4.2.2 Role of Financial Systems21

4.2.3 Role of Financial Systems in Improving Competitive Strength of Global Commerce23

CHAPTER 05: CONCLUSION25

5.1 Recommendations for Future Research28

REFERENCES30

CHAPTER 01: INTRODUCTION

1.1 Background of the Study

Financial system is known as the collection of laws, markets, regulations, institutions and techniques with which the stocks, bonds and the other securities are traded, rate of interest are determined and the services are delivered and produced all around the globe (Greenwald and Joseph, 2002). Financial system is considered to be the most significant creations of the world ...