Financial+Capitalism

The force that scarifies downsizing, restructuring and re-engineering. Flood of capital into emerging economies in the early 1990's had a negative effect on countries. A good thing to come out of the 1998 [|stock market crash] was a more integrated global financial system that puts restrictions and rules in place to regulate banks and stock markets in emerging economies. Also the creation of a global authority in the International Monetary Fund ([|IMF]) with resources to prevent snowballing crisis'.

Finance Capitalism is crucial to the global economy. Any threat to the stability of economics will not be tolerated. Financial markets are volatile, such that wars and other events that disrupt stability will be avoided by all means. Finance capitalism is said to be stronger than nationalism in sustaining peace. Shocks to finance capitalism results in lost benefits, and is a deterrent to economic growth.

Interesting Links
[|List of Stock Market Crashes]