INTERNATIONAL FINANCES

BILORUS Oleh ¹

¹Institute for Economics and Forecasting of the NAS of Ukraine
OrcID ID : https://orcid.org/0000-0003-0731-5649

Global structural crisis and transformation of the world financial system

In the article problems of present global structural crisis in the conditions of transition to the new socially-technological way of manufacture based on technetronic-innovative mode are considered. The state-corporate system of globalism is defined as the modern form of economic imperialism. It is underlined that Euroasian globalism is one of the specific transitive systems with totalitarianism tendencies, oligarchysm and social injustice. The effects of structural crisis at the sector of financial economy of the countries which have passed from industrial to new postindustrial economy are analyzed. The relevance of the global structure creation (the financial world government) with wide control and coordination functions regarding to deepening and aggravation of currency exchange conflicts between many countries within the conditions of financial and economic globalism world-system’s formation and strengthening the global competition has been substantiated. It is proved that in the context of global financial world-system’s transformation the priority imperative of Ukrainian state policy is constant strategic orientation to multilateral global financial cooperation, a three-component basket of global currency (dollar, euro, yuan) accordingly to macroeconomic prospects and international cooperation directions of the state (the USA, Europe, Eurasia, Asia).

Keywords: global structural crisis, financial globalization, global financial dimension, financial oligarchy, financial economic neoconvergency, transformative reorganization of global and domestic financial systems.

JEL: E60, E69, F01, F02, F30, F50, F65

Bilorus O. . Global structural crisis and transformation of the world financial system / O. . Bilorus // Фінанси України. - 2014. - № 4. - C. 32-45.