The world market of loan capitals. Its impact on the development of the world economy

The modern banking system is no longerin the economy, an auxiliary structure designed to facilitate the conduct of economic operations. Today the banking sector is its own particular world, and the money that it addresses is not just a means of mutual settlement, but a real product that is bought and sold. Due to such a huge importance of the banking sector and capital as a factor of production, the world market of loan capitals simply could not be formed, but, having formed, move on to the stage of active development.

In addition, do not forget that money isthe most mobile product. In the era of electronic money, there is nothing difficult in translating even the largest sum of money to the other end of the globe, so the only thing that keeps the world market of loan capital in check is bureaucratic formalities. It is with these most artificial barriers that the so-called international financial organizations are actively fighting, explaining their aspirations by the fact that a single financial market will help all countries without exception. However, such statements are rather doubtful.

Despite the fact that the world market of loancapital claims for the equality of all parties involved in the movement of money, it is absolutely clear to everyone that the whole world has divided into two camps: creditors and debtors. The first group includes the most developed countries, which managed to reach the stage of their development, when there is an excess of capital in the country, which means that there are no opportunities for growth. Debtors, by contrast, are constantly lagging behind and in urgent need of borrowed funds for the development of the economy. In theory, both should benefit from participation in the global movement of loan capital, but in reality everything goes a little differently.

Consider the impact of such processes oncreditor countries. The largest private investors of these countries, focusing on the profitability of invested capital (that is, the return on investment) massively transfer production to developing countries or simply allocate funds to local entrepreneurs. Anyway, the economy of the creditor country loses its jobs, which is fraught with the development of the economic crisis in the country. A similar development event can be observed in Spain, Italy, the United States.

In this situation, it would seem, one-sided worldThe loan capital market should benefit debtor countries, however, and they find themselves in a peculiar trap. The fact is that receiving huge loans, neither the government nor private entrepreneurs have the slightest idea how to give these loans in the future. And this applies not only to the poor African countries, but also to such seemingly successful economies as the Greek. Once in a hopeless credit trap, a sovereign state loses its independence and is forced to submit to the demands of creditors.

Thus, the world market of loan capitals inits present form does not suit almost anyone, and the destructive impact of globalization on the national economy is noticed sooner or later by each state, regardless of the degree of its development. The fact is that the profitability of the share capital, to which foreign investors are oriented, can not serve as a good guide for the national economy, and the desire for abstract global interests further blurs prospects for its development.

By the way, one of the few economies,demonstrating in recent years a significant increase - this is the PRC economy, which is characterized by acute national orientation. This, at least, makes you think.