Financialisation is a major component of recent globalisation but it also represents a key danger to the sustainability of global economic interconnection.
This recent graph from the NYT based on McKinsey research, shows how big a hit financial flows took from the financial crisis. It also shows just how rapidly financial flows increased in the lead-up.
Every element of financial flows - direct investment, equity, bonds and loans are well below their peaks before the crisis - with loans taking the biggest hit. Emerging market economies have done relatively better, but investment was down last year.
This recent graph from the NYT based on McKinsey research, shows how big a hit financial flows took from the financial crisis. It also shows just how rapidly financial flows increased in the lead-up.
Every element of financial flows - direct investment, equity, bonds and loans are well below their peaks before the crisis - with loans taking the biggest hit. Emerging market economies have done relatively better, but investment was down last year.
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