financialization
Sign in to savethumb|350px|right|Share in Gross domestic product|GDP of US financial sector from 1860 to 2008
~20 min read
Encyclopedic overview
15 sectionsContents
- Specific academic approaches
- Roots
- Accelerated growth of the finance sector
- Early 20th century history in the United States
- Deregulation and accelerated growth
- Welfare state and financialization
- The development of leverage and financial derivatives
- Effects on the economy
- Cause of financial crises
- Effects on political system
- See also
- Notes
- Sources
- Further reading
- External links
thumb|350px|right|Share in Gross domestic product|GDP of US financial sector from 1860 to 2008
Financialization (or financialisation in British English) is a term sometimes used to describe the development of financial capitalism during the period from 1980 to the present, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.
Excerpted from Wikipedia’s “financialization” article, available under the CC BY-SA 4.0 licence.