financialization final.docx

7/24/2019 Financialization final.docx

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) Financialization ,

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financialization is a pattern of accumulation in which profit making occurs

increasingly through financial channels rather than through trade and commodity

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countries is accounted for !y the financial sector"# (!) $ross international capital

flows ha%e grown much faster than world output and faster than trade in goods and

ser%ices"

(c) &on'financial firms ha%e increasingly used finance rather than

production as !oth a source and a use of their funds.

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23# `#456' ^ ) | cross !order capital flows includinglending, foreign direct in%estment, and purchases of e+uities and !onds took a

+uantum leap forward as cross !order capital flows rose from o. trillion dollar in

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2n the four years from - to -- alone, F02 !y ;apanese firms tripled. From-- to --, manufacturing F02 rose another / per cent. V |


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operations, and not !eing tied to any particular sphere of acti%ity, such asindustry.


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financialization final.docx

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