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Financial Tail Now Wags Economic Dog
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Financial Tail Now Wags Economic Dog

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Asia Sentinel
May 31, 2019
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Financial Tail Now Wags Economic Dog
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Over recent decades, the scope, size, concentration, power and even the purpose and role of finance have changed so significantly that a new term, financialization, has been coined to name this phenomenon.

Financialization refers to a process that has not only transformed finance itself, but also, the real economy and society. The transformation goes bey…

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