Click Here to Download: https://ouo.io/lgTPS8 Global Financial Centers, Economic Power, and (In)Efficiency By: Fikret Čaušević Publisher: Palgrave Pivot Print ISBN: 9783030365752, 3030365751 eText ISBN: 9783030365769, 303036576X Copyright year: 2020 Format: EPUB Available from $ 59.99 USD SKU 9783030365769 This book scrutinizes global financial flows and stocks, both financial assets and liabilities and their impact on the global balance of economic power, especially as they affect the largest and fastest-growing countries in both the developed and the developing world. It shows how financial flows can promote economic growth and financial capital can serve as a tool for higher growth rates in emerging market economies, but also that the huge amounts of financial capital currently being spent in advanced countries to promote economic growth has produced at best very modest improvements and in some cases negative results. The book opens with an analysis of global capital flows and their concentration. It then offers an analysis of rates of relative economic growth (or decline). The final section deals with the (decreasing) economic efficiency of financial flows and the (un)sustainability of economic growth, especially during the past eight years of economic recovery. Tackling one of the most serious problems in the global economy today, this book will be of interest to academics, researchers, and students of capital markets, financial crisis, and financial economics.
