modern banking system is no longer in the economy support structure designed to facilitate the conduct of economic transactions.Today, the banking sector - it is a special world, and the money that it treated - not just for mutual funds and the real commodity that is bought and sold.With such a huge significance of the banking sector and capital as a factor of production, the global loan market simply could not be formed, and formed, go to the stage of active development.
Also, do not forget that the money - it is the most mobile goods.In an era of electronic money is no big deal to convert even the large sum of money to the other end of the globe, so the only thing that hinders today the world market of loan capital - a bureaucratic formalities.It is with these very artificial barriers actively fighting the so-called international financial institutions, explaining their aspirations so that a single financial market will help in the development of all countries without exception.However, such statements are rather questionable.
Despite the fact that the global loan market claim to equality of all involved parties in the movement of money, everybody is absolutely clear that the world was divided into two camps: the creditors and debtors.The first group includes the most developed countries that have managed to reach a stage of development when the country is experiencing an excess of capital and, therefore, no room for growth.Debtors, on the contrary, constantly lagging behind and in dire need of borrowed funds for economic development.In theory, they both should benefit from participation in the global movement of loan capital, but in reality it goes a little differently.
consider the impact of such processes on the creditor countries.The largest private investors in these countries, focusing on return on invested capital (ie, a return to the investment) massively move production to developing countries or simply allocate funds to local entrepreneurs.Anyway, the economy creditor country is losing jobs, which is fraught with the development of the country's economic crisis.Such developments can be observed in Spain, Italy, USA.
In such a situation, it would seem one-sided global loan market should benefit the debtor countries, however, they find themselves in a kind of trap.The fact that he had received huge loans, neither the government nor private entrepreneurs do not have a clue how these loans in the future to give.And this applies not only to the poor African countries, but also to such a seemingly successful economy as the Greek.Caught in a hopeless trap of credit, sovereign state loses its independence and forced to submit to the demands of creditors.
Thus, the global loan market in its current form does not suit almost anyone, and the devastating effects of globalization on the economy sooner or later notice each state, regardless of its degree of development.The fact that the return on equity, which are oriented foreign investors, can not serve as a good guide for the national economy, and the desire for global interests abstract blurs even further the prospects of its development.
By the way, one of the few economies in recent years, demonstrating significant growth - China's economy is characterized acute national orientation.This at least makes you wonder.
