Trans-Regionalism and Fictitious Capital

DOI

10.2991/assehr.k.200113.080How to use a DOI?

Keywords

US economy structure, fictitious capital, world financial system

Abstract

This article analyzes the role of the United States in the formation of trans-regional trends as opposed to globalization under the rules of the WTO. It is shown that the mechanism of cross-border expansion of fictitious capital in the conditions of inefficiency of American economy is a way of transmitting inefficiency to world financial markets. Trans-regional trade in conditions of inefficiency and loss of performance of the national economy of the country which is the world financial center makes it impossible to make a new technological breakthrough due to the lack of resources for its implementation. Trade and sanction war launched by Western economies led by the United States becomes, as a result, not just a form of protectionism, but a form of artificially promoting fictitious capital to liquid European markets, as well as a way of channeling this liquidity to financing the restoration of inefficient structure of American industry.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Daria Dinetc
AU  - Mikhail Konotopov
PY  - 2020
DA  - 2020/01/16
TI  - Trans-Regionalism and Fictitious Capital
BT  - Proceedings of the Ecological-Socio-Economic Systems: Models of Competition and Cooperation (ESES 2019)
PB  - Atlantis Press
SP  - 387
EP  - 391
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200113.080
DO  - 10.2991/assehr.k.200113.080
ID  - Dinetc2020
ER  -