The Global Struggle of Financialised Capitalism

Ayhan Uçak ()
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Ayhan Uçak: Trakya University

Eurasian Business & Economics Journal, 2016, vol. 01, issue 01, 12-18

Abstract: This paper argues that the last global crisis is the reflection of the financialization process which has been derived from the falling profit rates in the world economies following a long expansion period of capitalism after the Second World War. We see the financialization as a new capitalist accumulation process. Financialization also enlarges the global imbalances. In a financialized world, it is misleading to see it feasible to finance the deficit forever. Hence, sustainability of the present international financial system is uncertain.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eas:buseco:v:01:y:2016:i:01:p:12-18

DOI: 10.17740/eas.econ.2016-MSEMP-2

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