The discipline explores the dynamics of global capital flows, analyzing changes over the past decades, with a special focus on the influence of the 2008 financial crisis on financial globalization. The course addresses the specific characteristics of emerging capital markets, which have become increasingly relevant in the international economic context. It discusses the fundamentals of risk diversification, an essential strategy for managing global financial uncertainties. Students also learn methods for valuing financial assets, developing critical skills to determine the true value of investments. In addition, the discipline emphasizes the importance of international risk diversification, explaining how dispersing investments across multiple regions and markets can reduce portfolio volatility and systemic risks. Thus, the discipline prepares students to understand and apply principles of capital management in complex and changing international economic contexts.