Finance capital evolution and financialization problem

Viazmikina Iryna
master`s student, Odessa National Economic University. E-mail:sonya0493@rambler.ru

Cite this article:

Viazmikina I. (2015), Finance capital evolution and financialization problem. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 3(223), pp. 41-51.

Abstract

In this article author tries to reactualize the notion of finance capital, implemented by Hilferding and proves it’s applicability nowadays. Evolution of the finance capital relations during the last century has lead to emergence of global finance capital – proved to be the most irrational form of capital, wich defining feature has become the financialization process. Financialization is defined like objective process of increassing scale and influence of finance, its dominance in economic activity. The financialization is a multi-level process, which in more concrete level manifestates like shift in emphasis of the “real-sector” companies activities, methamorfhosing them into financial market players.

Keywords

finance capital, financialization, financial sector, neoliberalism, monetarism, global economy, globalization, bank capital, industrial capital.

JEL classification: G39

UD classification: 330.14.012

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