Yesterday lecture, I told the reasons behind huge growth of international finance. But still there are lots of challenges which have to cross if international finance has to reach at highest level.
1. Challenge of Protection of Natural Resources
When there is more international finance, its growth will affect the natural resources. For example, after increasing the number of banks in India, ACs are used at large scale due to this, there is increasing the temperature of India. Who is responsible for this. Surely international banks are responsible who are opening the branches in India. Every increase in the number of bank branch means, 5 new installation of ACs which increases open environmental temperature. So, this is big challenge of international finance. It has to reduce by planting the tree and not to use ACs in office.
2. Terrorism
Terrorism is also main challenge of International Finance. If any country will increase the terrorism in other country, its international finance will affected. Motherland is first and then, there is any international finance. India should ban all international finance and business relating to the countries which are promoting terrorism in India. Other countries which have the problem of terrorism, should strict ban on it if it has to increase its international finance with other countries.
3. Culture
International finance has also challenge of culture of each country. India is veg. country. So, McDonnell and other non-veg. country should ban to produce the non-veg. in India.
4. Follow the Political Policies and Law of Nation
If business people have to grow international finance in any country, they have to make their policy according to the law and political policy of same country.
5. International Currencies
International finance also affects from international currencies.You have some foreign currency if you have to deal with foreign country. At the time of dealing, you know what is the current market rate of forex. If your own currency is low value, you should wait for business, otherwise, your own capital will decrease at fast rate.
