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- Title
THE PROCESS OF FINANCIALIZATION AS A STRUCTURAL IMBALANCE OF THE MODERN ECONOMY.
- Authors
Gligorijević, Nemanja; Stojanović, Miloš; Brničanin, Edisa
- Abstract
Since July 2007, the world economy become the subject to the effects of the severe financial crisis. Although long time has passed, it seems that the global economy has not yet fully recovered. This indicates that the problem with the modern economy is much deeper than it was initially thought. In support of this, the emergence of "new" Great Depression, accordingly to the neoinstitutionalists, can be seen as a proof of the inherent instability of capitalism in the form of neoliberal institutional structure. Therefore, it can be possible to reconsider the ruling economic theory as well as the existing form of institutional changes in order to establish a theoretical and institutional assumptions of the future economic sustainability. In this sense, this paper is dedicated to defending the concept of the economic failures (crisis) as a result of the institutional structural defects of the dominant economic paradigm.
- Subjects
GLOBAL Financial Crisis, 2008-2009; CAPITALISM; FINANCIALIZATION
- Publication
Management & Education / Upravlenie i Obrazovanie, 2016, Vol 12, p22
- ISSN
1312-6121
- Publication type
Article