What is Financialization?

This book offers a novel analytical framework for comprehending and explaining financialization, distinguishing between its three forms and analyzing its effects on the finance-real economy-labor nexus through a historical lens. It is accessible to a wide range of readers and is essential for academics, researchers, policymakers, and students interested in economics, business, finance, sociology, politics, and international relations.

Format: Hardback
Length: 82 pages
Publication date: 10 January 2024
Publisher: Taylor & Francis Ltd

This groundbreaking book offers a novel and original analytical framework for comprehending, defining, and explaining the phenomenon of financialization. It presents a precise and measurable definition of financialization, dissecting it into its three distinct forms. Through the lens of financial development, both pre- and post-the Great Recession, the book provides a comprehensive examination of the intricate relationship between finance, the real economy, and labor. This in-depth analysis offers a historical perspective, highlighting financialization as a pivotal force that has shaped the economic structures of high-income, upper-middle-income, and lower-middle-income countries over the past four decades.

To ensure accessibility to a broader audience, the book incorporates economics background information, making its multidisciplinary content easily understandable to non-economists. At the same time, it provides social-theoretical context, enriching the understanding of economists. This comprehensive text is a must-read for academics, researchers, analysts, students of economics, business, finance, sociology, politics, and international relations. It serves as a valuable resource for policy-makers and bureaucrats in devising, formulating, implementing, and revising policy alternatives to govern the implications of financial development, particularly in terms of its effects on real output and income inequality. By delving into the complexities of financialization, this book sheds light on the transformative power of finance on contemporary societies and provides valuable insights for navigating the challenges and opportunities it presents.

Weight: 330g
Dimension: 216 x 138 (mm)
ISBN-13: 9781032372655