Financial Cancer: Global Financial Risks and Order Restructuring: Global Financial Risks and Order Restructuring

Author: Yu Fang
Publisher:
Publish Date: 2002-10-26
Features: In the second half of the 20th century, global financial risks and crises continued to emerge, spreading like an infectious disease to surrounding areas, leading to the emergence of the specialized term "financial contagion" in the international financial community. Financial risks and crises have had a profound impact on global economic and social development. Due to flaws in systems, structures, and frameworks, financial risks have become an intractable problem in global economic development, akin to the century-old curse that plagues human survival—cancer. As the influence of finance on the economy and society grows, the shadow of financial risks and crises also expands. Why does this condition arise? What issues exist in the global financial mechanism? Exploring the causes of the development of financial cancer, seeking solutions, and rebuilding the global financial order have become issues that humanity must confront in the 21st century. This involves delving into the deep-rooted reasons for the emergence of financial cancer and contemplating pathways to address it.