Conclusion: Crises as Catalysts of Structural ChangeStructural Change

Mehmed Ganić ()
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Mehmed Ganić: International University of Sarajevo

Chapter 8 in Structural Change and Competitive Dynamics in Global Financial Markets, 2026, pp 121-124 from Springer

Abstract: Abstract This chapter concludes the book with an analysis of three key transformations in the global economy. First, the shift to a multipolar structure in which the United States, Russia, and China collectively hold global income; second, the rise of debt as the main source of financing, especially after the dynamic increase in corporate debt; and third, the increase in the productivity of the financial sector, with a shift from bank lending to market-based financing. Regional differences in the resilience of financial systems are now apparent. While the Asia-Pacific region is very resilient, Europe faces structural problems, and North America maintains its lead despite growing instability. Overall, the crisis acts as a catalyst for change and highlights weaknesses in the global financial system.

Keywords: Multipolar financial landscape; Regional financial resilience; Market financialization; US-China duopoly; Post-crisis transformation (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-28906-3_8

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DOI: 10.1007/978-3-032-28906-3_8

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