The next article discusses the World Banking System in the
1980's and 1990's. Authored by: dr.arasto emami , it presents
a n overview of recent developments in international banking and
provides prospects for further globalization of banking systems by
the turn of the century. Dr. Emami cites various examples fro m
the Japanese banking strategies which have helped them achieve
a tremendous rate of growth in the 1980s and reach the
leadership position in the 1990s. Today seven out o f ten largest
hanks in the world are Japanese-owned and man aged, The author
asserts. however, that the recent merge r of European banks as a
result of European integration and the growth of the American
banking system due to deregulation will reduce the gap between
the Japanese and the Western banks by the end of the century.
)