LIMITS OF THE GLOBAL ECONOMY FINANCIALIZATION PROCESS

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61858307%3A_____%2F17%3AN0000028" target="_blank" >RIV/61858307:_____/17:N0000028 - isvavai.cz</a>
Result on the web
<a href="https://is.vsfs.cz/repo/6213/PROCEEDINGS-CD.pdf" target="_blank" >https://is.vsfs.cz/repo/6213/PROCEEDINGS-CD.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
LIMITS OF THE GLOBAL ECONOMY FINANCIALIZATION PROCESS
Original language description
The paper analyzes the current state and perspectives of the global economy financialization and shows its correlation with the globalization process. The hypertrophic development of global financial markets and the growth of the financial sector's share of the economy in advanced countries as well as in transition and emerging markets economies have a negative impact on their real economy and are causing ever-widening crisis fluctuations permanently threatening to overgrow into a global systemic financial crisis. Their real social benefits and importance for serving the real economy are becoming smaller and have declining or even negative implications. Future developments which are now also at the crossroads will be significantly conditioned by the further direction of globalization and its possible future scenarios. But financialization in this context will be partly independent, due to in particular the technical development of the global economy digitalization, but the essence of the problem of financial hypertrophy within the economy will not be solved without systemic reforms.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 8th International Conference on “Financial Markets: Current State & Future Perspectives”.
ISBN
978-80-7408-159-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
30-38
Publisher name
Vysoká škola finanční a správní,
Place of publication
Praha
Event location
Praha
Event date
Jan 1, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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