PRAVAC POSLE EKSTREMNOG NEOLIBERALNOG KAPITALIZMA IZ UGLA FINANSIJSKIH TRŽIŠTA SAD I EVROPE
DIRECTION AFTER NEO-LIBERAL CAPITALISM FROM THE PERSPECTIVE OF FINANCIAL MARKETS IN USA AND EUROPE

Summary/Abstract: Deep turmoil in global financial markets have evolved into a strong global recession. For the first time after 60 years of international economic activity began to decline, the flow of financial resources to developing economies began to shrink, and also the volume of world trade to decline. GDP in most developed European countries recorded a decline in 2009., While projections for 2010. year. also show that the rate of economic growth in that group of countries will be negative. United States as the focal point of the crisis reported recession. Consumption in the United States began to decline even 2006. What is the biggest contribution the U.S. trade deficit grew in the balance of current transactions. Although the primary expectation that it will impose the views of the consequences of the global financial crisis will be less severe in developing economies, they were not justified. At the macroeconomic level, we are witnessing the growth of fiscal deficit, severe social unrest, the national currency depreciation, deterioration of global borrowing conditions, and increased risk of insolvency of the banking sector. Increase in political risk in transition economies, it is also inevitable. Growing unemployment and public expression of discontent due to reduced salary, redukovaće capacity of state and government for the conduct of economic policy and intensify the existing political tensions. On the inevitable changes in order to adapt to new requirements, needs and goals, will not remain immune either financial market, which requires a new architecture and the deregulation that has only a few years ago was in effect, going in the direction of application of partial regulation. In the last twenty years, that is. before and after accepting the so-called. "Reganomic" in the U.S. and the so-called "Thatcherism" in V. Britain, economic science in these countries wholeheartedly promoted an extreme neo-liberal capitalism, which has had a serious system error, which had lead to severe strain. The most influential German philosopher Jurgen Habermas rightly points out that the "socio-dervinistički potential of a free market principle proclaimed the inviolable and that the West won the free market fundamentalists." Therefore, the crisis on which the full two years speaks and writes not only the world's financial crisis, but the overall crisis of modern Western civilization that is prelila to all parts of the world. The paper emphasized the relationship between the U.S. and Europe, the qualitative and quantitative analysis of financial markets and their development directions.

• Details
• Contents