financialization
English
Etymology
From financialize + -ation.
Pronunciation
- (UK) IPA(key): /fʌɪˌnanʃl̩ʌɪˈzeɪʃn̩/
Noun
financialization (uncountable)
- (economics) Conversion of intangible value into financial instruments.
- 2009 July 17, Paul Krugman, “The Joy of Sachs”, in New York Times:
- Such growth would be fine if financialization really delivered on its promises — if financial firms made money by directing capital to its most productive uses, by developing innovative ways to spread and reduce risk.
- 2015, Martin Ford, The Rise of the Robots, Oneworld 2015:
- The primary complaint leveled against the financialization of economies is that much of this activity is geared towards rent seeking.
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Related terms
- financialize