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  • Essay / Characteristics of Financial Globalization - 1389

    IntroductionFinancial globalization and financial market integration have become one of the most discussed topics in society. The reason is the rapid changes that have occurred in the global economy over the past decade. The current global economic crisis, which has shown another face of financial globalization, has forced attention to this phenomenon. Indeed, despite the fact that this phenomenon is generally accepted in science, there are still major differences in the definition of financial globalization. Globalization - the world is an objective trend caused by the strengthening of international political, cultural, economic, financial and informational relations. , technical and other relations between states at different levels. It encompasses the process of transforming the global economy into a single market for goods, services, capital, labor and knowledge. In fact, globalization can be defined as a higher stage of the internationalization of economic life and its further development. Globalization advances thanks to a continuous and increasing flow of financial resources. Financial capital contributes to financial globalization, not only by placing it at the forefront of globalization processes, but it also plays the role of locomotive of this process. It is in financial globalization that economic globalization manifests itself in its full extent. The purpose of this work is to determine the characteristics of globalization processes at the current stage of economic development, considering the problems associated with financial globalization and the prospects for their solution. To achieve this goal, you need to solve the following problems:1.opredelit value finance regulation of economic processes ,2.opredelit impa...... middle of paper ......) financing and financial support for high- final technologies and industries based on national raw material resources; in ) finance promising new competitive industries, trends and individual industries; g) financing costs associated with the development of non-industrial infrastructure, reproduction of labor force, improvement of its qualifications, development of science, professional training and orientation of new technologies. Economic incentives through recovery incentive funds carried out in the form of the creation of economic incentive funds within companies with the establishment of a fund creation ratio for their constitution according to the objectives set by government through tax policy. As reference points can be growth in yield and profitability, growth in production, including competitive products, quality indicators, etc. ..