What are the mechanisms that drive international finance? Does worldwide capital mobility destabilize the global economy? Do the benefits to investors outweigh the potential for monetary crises? This program illustrates the flow of international capital, analyzes the risks it presents to banking and currency systems, and studies international political structures created to address those risks. The video presents the pros and cons of financial globalization, in the process explaining the concepts of inter-temporal trade, portfolio diversification, income inequality, and capital inflow and outflow. Recounting fiscal catastrophes that provoked international alarm—including the 1995 Mexican peso crisis and the 1997 implosion of Asian economies that impacted nations across the world—the program draws parallels between our current investment climate and the so-called First Age of Globalization in the late 19th century. A Films for the Humanities & Sciences Production. (33 minutes)