Unequal distribution of resources are there and connectivity causes it to be multiplied resulting into high intensity

Of course, more profit seeking, and the purpose of monopolizaton of capital.

The 2008 global financial crisis beset a number of capitalist countries, particularly which carelessly endorse the free-market system of economy, because their devoted and optimistic Giants, such as the Lehman Brothers and AIG fail to understand the things of logic and the logic of things.

The free-market proponents were mesmerized in the classical theory of laissez-faire approach to economy. For them, let the market do what it wants is how the market really works. They seem to have forgotten that when the economy does not allow the government involvement, it will go too far and finally fail, because self-regulating banking systems pay scant attention to cultural, normative, and ethical dimensions. Since capital flows wherever it is assumed to provide higher returns to the capitalist banks without government controls, the NINJA-people with No Income No Job or Assets- can afford easy credits for the mortgages, but are unable to pay back. This is because the banks are eager to create money out of the thin air, which is conceived as the most effective strategy of "quantitative easing" in the era of financial globalization. The unexpected conundrum is foreclosures. As a result, both the processes of financial globalization and the financial meltdown are unavoidable. In brief, capitalism kills itself because of its own contradictions. To anticipate future crisis, banks must not be largely interconnected and must not avoid government intervention.

I believe that increased capital requirements at risk contribute to small and medium-sized banks being repelled from the system, contributing to giant banks further increasing their scope of action in the market.

Quite simply that the world is now so interconnected.

If there were any determinants they would have been considered after the World's financial crisis in 2018 by IMF, World Bank, UN and other stakeholders in Global finance.

Dear Colleagues and Friends from RG, Thank you very much for participating in this discussion. I would like to add the following question to this discussion: Are the current processes of economic integration and international cooperation outweighing the disintegration? Are ongoing economic integration processes in the European Union and in other economic regions of the world still prevailing over disintegration?

Is economic cooperation and trade between the world's largest economies developing or is this cooperation diminishing due to the current trade wars?

What's your opinion on this topic?

Thank you very much and best regards,

Dariusz Prokopowicz

Dear Anjay Kumar Mishra, Şükrü Apaydın, Mustafa A. Rahman, João Guilherme Magalhães-Timotio, Emmanuel V Murray, Alexander Dill, Thank you very much for the answers to the question: What are the main determinants of the globalization of financial and banking systems?

Thank you for the proposed interesting topic in the above-mentioned issues. Your statements confirm that the above-mentioned issues are current and developing. Best wishes,

Have a nice day,

Dariusz Prokopowicz

The leaders from the EU countries have recently agreed on a stimulus package, an unprecedented record in the EU summit. This historic EU budget worth $869bn is not only for loans but also for grants. It is simply free money for the certain member states. It is a quantitative easing model in the modern cooperative economy. Most of the grants would probably go to Greece and Italy, the less disadvantaged among the EU members. Now, do such processes of economic integration and cooperation overweigh the disintegration? The answer is subject to the economic growth, which seems to keep sluggish in the coming decade. Unless they call the budget grants—not loans, the weak member states will suffer. This is because the Covid-19 pandemic has forced people to work from homes; planes merely idle on the ground, collecting dust. Take Italy as an example. Although not the whole country, especially the Northern part will pay the price, but the South will, because they rely cripplingly on the state assistance. The Gramscian economic theory will then emerge again. The same holds true for Greece, which is unable to resort to the 2,500-year-old Parthenon to attract tourists for money due to Covid-19. In the end, the disintegration will seem to create a new political economic history.

Like in politics, in the economy you can also have friends or foes. Trade wars thus also create friends or foes. The current trade wars between the two largest economies, the United States and China, will trigger economic growth for those who are smart enough to make friends. For now, Donald Trump does not seem intelligent enough to make friends, but his counterpart President Xi is. So China will take, if not absolute advantage, then comparative advantage by dumping its cheap goods into both emerging economies and the poor ones whom they regard as economic allies. If during trade wars China’s economic cooperation strengthens, but the United States does not, then Donald Trump needs to move back from the White House to the Trump Tower.

Dear Mustafa A. Rahman, Thank you very much for participating in this discussion and for providing inspiring and informative responses. A very correct remark in terms of content. You described the problem very well. Your statements confirm that the above-mentioned issues are current and developing. I invite you to research cooperation. Best wishes, Have a nice day,

Dariusz Prokopowicz

International constructiveness, and the quality of institutions.

Dear Sule Akkoyunlu, Thank you very much for your response. Best wishes, Have a nice day,

Dariusz Prokopowicz

The main determinant of the international banking and financial system is the joint agreement to cheat the taxpayer who pays the 'cheap money' that goes to the alleged 'investors' private accounts.

Dear Alexander Dill,

Yes, I researched these issues in the context of analyzing the sources of the global financial crisis of 2008. In my publications posted on the RG portal, I wrote the conclusions from this research. What you write about is an important issue. I also pointed to unethical business practices used in the sale of investment products by investment banks operating in speculative investments made with the use of securities. The largest investment banks operate globally. They take over smaller financial institutions in subsequent countries, often small economies, introduce their practices and standards into the acquired entities, and have a large impact on the situation on certain financial markets in countries of relatively small economies. In the context of this issue, many aspects of economic globalization appear.

Best regards,

Dariusz Prokopowicz

Following

Dear Darius, thank you for your reply! The biggest Global investor is the taxpayer with $ 11 trillion new debt released by OECD countries every year. The stock market is much smaller and only picks up $ 500 billion per year, around 4.5 per cent of the capital allocated per year.

Therefore we started to measure the willingness to co-finance public goods by taxes in 50 languages now - including Polski - and it would be great if you give your score as well:

https://trustyourplace.com/

The question is: When will the taxpayer seize the fortunes made by alleged 'private' investors? In Global debt we can't seperate public and private.

If we give privates 'cheap' money, we have to claim the payback as well.

Magnitude of international investors, and FDI

Dear Fortune Amanze, Thank you very much. Best wishes, Have a nice day,

Dariusz Prokopowicz

Dear Alexander Dill,

Thank you for the information provided and the link to interesting data in the above-mentioned issues. The analysis of the sources of the global financial crisis of 2008 and the determinants of economic globalization is an important issue in order to develop recommendations for the improvement of financial systems and credit risk management. This is important to reduce the likelihood and scale of potential future financial crises that may arise. Thank you very much for confirming my theses. Dear colleague, I am happy with our cooperation. I am happy with our joint discussions. I am glad that we look at this issue in a similar way. Best regards,

Dariusz Prokopowicz

Dear Sule Akkoyunlu,

Yes, these are important determinants of economic globalization. Due to the consolidation and concentration of capital, taking place through mergers and acquisitions of some economic entities, there are more and more international and / or globally operating transnational corporations, including financial institutions. These processes increase the scope of economic globalization processes. Thank you very much for participating in the discussion. Best regards,

Dariusz Prokopowicz

Important factors in the globalization of financial systems include internationally operating commercial and investment banks, investment funds, central banks conducting transactions on international financial markets, the development of common currency areas and the development of internet banking.

Greetings,

Dariusz Prokopowicz