One of the most obvious effects of globalization is the introduction of new brands and products from foreign countries. The benefits of greater selection and variety are immediately obvious to the consumer. But the benefits go deeper than the surface. Opening up markets to greater competition leads to lower prices and higher-quality products, which translates into higher real incomes for most people.
The Reserve Bank has also issued similar policy guidelines to the insurance companies and the Fiji National Provident Fund for consultation. Following these consultations, the guidelines will then be issued formally to these institutions. Similar complaints management policy guidelines will be issued to players in the capital market.