The potential for financialization
Manuel B. Aalbers
Abstract
Manuel B. Aalbers
Abstract
The financialization literature tries to make sense of how the world has been changing and continues to do so. There is real potential for financialization to conjoin real-world processes and practices that are conceptually treated as discrete entities. Financialization is an inherently spatial phenomenon that should be much more central to economic–geographic analysis, explaining how the financialization of the global economy is tied to financialization at other scales as well as to the financialization of the state, economic sectors, individual firms, and daily life.
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The financialization literature tries to make sense of how the world has been changing and continues to do so. There is real potential for financialization to conjoin real-world processes and practices that are conceptually treated as discrete entities. Financialization is an inherently spatial phenomenon that should be much more central to economic–geographic analysis, explaining how the financialization of the global economy is tied to financialization at other scales as well as to the financialization of the state, economic sectors, individual firms, and daily life.
Key concepts: Financialization, Phenomenon, Economics, State (computer science), Economic system, Market economy, Physics, Quantum mechanics