Aspects of globalization impact on economic and financial processes

The paper deals with the development prerequisites of globalization in the modern global economy; new economic phenomena are described as elements of the global economy; globalization effects in financial sphere are analyzed; the growing influence of the financial sector on economic processes is justified and the tendency of reducing the interrelations between the financial and real sectors of the economy is defined; the directions of activity of countries that allow using and elaborating the benefits of globalization are indicated. Copyright © 2018 International Business Information Management Association (IBIMA).

Authors
Volkova N.V.1 , Guzikova L.A.2 , Shagun V.I.2 , Bogacheva T.V. 3
Conference proceedings
Proceedings of the 32nd International Business Information Management Association Conference, IBIMA 2018 - Vision 2020: Sustainable Economic Development and Application of Innovation Management from Regional expansion to Global Growth
Publisher
International Business Information Management Association, IBIMA
Language
English
Pages
8168-8177
Status
Published
Year
2018
Organizations
  • 1 Academy of Urban Environment, Urban Planning and Printing, Rustaveli street, 33A, St. Petersburg, 195251, Russian Federation
  • 2 Graduate School of Public Administration and Financial Management, Peter the Great St. Petersburg Polytechnic University, Politekhnicheskaya street, 29, St. Petersburg, 195251, Russian Federation
  • 3 Peoples' Friendship University of Russia (RUDN University), Miklukho-Maklaya st., 6, Moscow, 117198, Russian Federation
Keywords
Autonomy of the financial system; Currency market; Economic integration; Financial sector; Global economy; Globalization; International trade; Internationalization; State policy
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