The period of the global cycle of the financialized economy
DOI:
https://doi.org/10.15587/2313-8416.2019.163103Słowa kluczowe:
Globalization of economy, transnationalization, financialization, financial crisis, global economic cycles, period of the economic cycleAbstrakt
The article examines the relationship between financialization of economies of the leading countries of the world and the nature of the modern global economic cycle. Due to financialisation of the modern economy financial markets became the generators of the business cycle. Exactly the instability of financial markets provokes a business cycle. The authors of the article suggest that due to certain laws of functioning of the stock market it is possible to predict the period of the global economic cycle which will prevent its devastating impact on the world economy
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