This could imply that profit opportunities arising from globalized financial activities may be sufficiently large such that there is a strong incentive to circumvent any restrictions. At the same time, the advances in transportation, and in information and communications technologies, make it ever easier for private actors to dodge inconvenient rules and regulations.
From our experience, we know very well that the ingenuity of the private sector in this regard should never be underestimated. We all remember the Bretton Woods System, which was an attempt at smart globalization, and the collapse of this system offers us a cautionary tale.