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  • 标题:Financial Aspects of Globalization
  • 其他标题:Aspecte financiare ale globalizării
  • 本地全文:下载
  • 作者:Ion Bucur
  • 期刊名称:Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
  • 印刷版ISSN:2284-8576
  • 电子版ISSN:2247-8582
  • 出版年度:2009
  • 期号:4
  • 语种:English
  • 出版社:Petroleum-Gas University of Ploiesti
  • 摘要:The defining process with profound implications on the economy and society is represented by the globalization.From this perspective,we have analysed the new dimensions of capital accumulation and economic growth in the context of deregulation and liberalization of the international capital movements.In this context,we have noticed the increasing influence of the financial markets on the economy,the tendency to remove the finances from the real economy requirements,the growing role of external financing using more volatile capital goods,increased competition regarding the access to financing,the significant increase of power of the international capital markets whose characteristic is represented by the increased instability,the implications of the investors’obsession with an excessive profitability of their own funds and the expansion of using sophisticated financial products.Realities of today's financial markets,which are the subject of numerous studies and analyses,have contributed to the association of the arguments that are contesting the thesis on the virtues of self-regulation markets and promoting a new paradigm,within which finances should subordinate the requirements of a balanced and sustained economic growth.
  • 其他摘要:Procesul definitoriu, cu implicaţii profunde asupra economiei şi societăţii îl constituie globalizarea. Din această perspectivă, am analizat noile dimensiuni ale acumulării capitalului şi ale creşterii economice în contextul dereglementării şi liberalizăr
  • 关键词:financial innovations;volatile capital;institutional investors;derivative products
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