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REVIEWED BY WILL KENTON
Updated Apr 19, 2018
What is Financialization
“Financialization refers to the increase in size and importance of a country’s financial sector relative to its overall economy. Financialization has occurred as countries have shifted away from industrial capitalism. This impacts both the macroeconomy and the microeconomy by changing how financial markets are structured and operated and by influencing corporate behavior and economic policy.”
Huge personal and business fortunes make money faster, easier and cheaper discarding goods and services in favor of unregulated financial trades.