Response to ALI.
Hello
Indeed, it sounds wise if one disintegrates Unit 5 into segments for easy understanding. Perhaps that may be the best idea and promising approach to facilitate easy understanding of the concepts presented within the chapter. I agree with you that creating sub-unit sections will allow us to know the concept flow much easier than studying it wholesomely. Additionally, it will be of benefit if we get to learn more about the G8 and G7 and, if possible, understand how they were established, what are their essence globally, how do they influence the world, and what might have been the reasons as to why they only operate In a few countries or preferably which criteria was used to allow the G8 and G7 only operate in some specific countries and not others. As you have said, it will be worthwhile for us to understand how international cooperation is affected.
I agree with you that domestic banks are only restricted to their countries and therefore limited to their scale of operation as opposed to the international banks that happen to operate within many countries, which makes them appear complicated and operative under a large scale. In addition to that, it should be known that international banks handle many different currencies and are prone to the effects of exchange rates. In contrast, domestic banks can only handle their particular countries’ currency, and they may not feel the effects of the exchange rates (Finel-Honigman & Sotelino, 2015).
References
AZEEM, M. M. (2014). Impacts of foreign banks on domestic banks businesses – GRIN. Retrieved from https://www.grin.com/document/275454
Finel-Honigman, I., & Sotelino, F. B. (2015). International Banking for a New Century. Routledge.