The following statements are TRUE about financial globalization EXCEPT ____________. Question 1 options: Many countries still run continuing imbalances of balance of payments despite financial globalization. Financial globalization has led to an increase in the flow of capital into and out of industrialized markets. The twin agency problems limiting financial globalization are caused by corporate insiders and rulers of sovereign states acting in their own self-interests rather than the interests of the firm. Financial globalization has resulted in uniform ways of ownership, control, and governance across the world