Monday, May 27, 2013

Which way is public policy headed? - Dr.Deepali Pant Joshi

..........In recent times, however, the financial sector has, of its own accord, assumed overweening importance. This has resulted in chronic ‘financialisation’, a situation where all value that is exchanged, whether tangible, intangible, present or future promises, is reduced to a financial instrument or a derivative of a financial instrument with hectic trading allowed...............

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