31.  The second big change is the unrivaled new influence of international shareholders and global capital markets.

32.  There, too, leaders are caught between the necessity of attracting global capital and the reality that openness will inevitably undercut their power.

33.  They spend more time dissecting the economy than political trends, and they are more suspicious of free markets and global capital.

34.  Ultimately, currency values are set by global capital flows rather than attempts by central bankers.

35.  Without at least a modest step in that direction, some say, Tokyo will never rival London and New York as a global financial capital.

36.  Yet this too could result in a volatile disequilibrium in supply and demand for global capital.

37.  According to Tarrin, topics set for discussion include the impact of financial liberalisation, global capital flow, the economic crisis in East Asia and financial prudence.

38.  Anwar told Ecosoc delegates that international financial institutions had recognised that there were fundamental flaws in the global capital market that had led to the Asian economic problems.

39.  As global capital flows across national borders, the wages of the workers of the world have but to decline to the lowest levels.

40.  At the APEC summit, Mahathir could find himself isolated if he pushes others to accept his prescription of reining in currency traders with global capital market curbs.