Financialization is the process by which financial institutions increase in size and influence on the overall economy by strengthening the country’s financial sector. The process occurs in countries that are perceived to have shifted their economies from industrial capitalism. It has been occurring in the United States and other parts of the world since the 1970s. The process has affected both the macro economy and the micro-economy by changing the manner in which financial institutions are structured and operate in the entire economy. The United States has experienced high levels of financialization through the loss of manufacturing and ...
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The development and modernization of emerging countries and cultures is a complex and many-faceted issue. Without a keen understanding of the cultural mores of the country in question and an excellent grasp of the concept of development, it is nearly impossible to conduct an in-depth analysis of the issue. Countries that are still emerging into modernization may face a variety of different issues, many of which are compounded by conflict, either past or present. Without knowledge of both the recent history of the country and the history of conflict within the country, it is difficult to understand the issues that the country ...
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