Governance & Globalization : An economic & financial approach/ Ibrahim Akoum.

The book at hand deals with a timely and significant subject that has assumed incerased significance in the past few years. And it does so in a holistic approach, contending that a piece-meal myopic approach to tackling the financial and economic problems confronting the international community is deficient. The book claims that what we actually need is a new world order and a new paradigm based on commonality rather than destructive competition and on global solidarity rather than adversity and myopic self-interest. It comcludes that what is truly needed is better governance at the global, national, and corporate levels.What has this got to do with the banking sector in the Arab world? Well, I say a lot. The success and sustainability of the banking industry, like any other economic or financial activity within an economy, depends on a number of factors, namely stability, trust, and an economic and regulatory framework conducive to attracting investment. The banking sector does not operate in a vacuum and its performance reflects the overall performance of the economies it operates within, hence the need for not only sound corporate governance, but also for sound governance of national economies as well as the international economy.