FINANCIAL GLOBALIZATION AND NATIONAL SOVEREIGNTY
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FINANCIAL GLOBALIZATION AND NATIONAL SOVEREIGNTY
Annotation
PII
S268667300000617-8-1
Publication type
Article
Status
Published
Edition
Pages
22-37
Abstract
The article argues that in the context of financial globalization sovereign states were substantially depending on the global financial intermediaries which causes further development of crisis processes of the global economy. Resolution of this problem lies in reforming the international financial system which can not successfully proceed without large-scale definancialization of economic activities through redirecting financial resources from the virtual to the real economy.
Date of publication
01.02.2012
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600
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