The neoliberal globalisation project gained momentum in the late 1970s through free market policies in the United Kingdom and the United States. Domestic and international financial systems have been increasingly liberalised and deregulated with the following important results:
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Hansjörg Herr is professor for Supranational Integration at the Berlin School of Economics and Law and at his university the economic director for the MA Labour Policies and Globalisation of the Global Labour University.
Rainer Stachuletz is professor for Finance at the Berlin School of Economics and Law. Currently he is working as a consultant for the State Bank of Vietnam at the Banking Academy in Hanoi.
(1) Fed, Flow of Funds Accounts Database 2010