INSURANCE AS A SIGNIFICANT FACTOR OF ECONOMIC DEVELOPMENT IN ORGANIZATIONS
INSURANCE AS A SIGNIFICANT FACTOR OF ECONOMIC DEVELOPMENT IN ORGANIZATIONS

Summary/Abstract: The existence of a relationship between financial development and economic growth has already been highlighted in numerous scientific publications. W.Bagehot (1873) [1], J. Schumpeter (1960) [2] identified empirically proven functioning of this relationship over a century ago based on the work of historical laws in economics. Temporary globalization tendencies underline this connection even more, than many years ago, as the new participant of the financial market occurred – insurance companies

• Details
• Contents