Global finance refers to the management of money and investments on an international scale. It encompasses various activities such as foreign exchange, international trade, and cross-border investments, which are essential for the functioning of the global economy. Institutions like International Monetary Fund and World Bank play crucial roles in facilitating these financial transactions and ensuring economic stability.
In today's interconnected world, global finance is vital for businesses and governments alike. It allows for the efficient allocation of resources, helps manage risks associated with currency fluctuations, and supports economic growth across nations. Understanding global finance is essential for navigating the complexities of international markets and making informed financial decisions.