Fatima Muhammad Abdulkarim / Baharom Abdul Hamid / Abbas Mirakhor
Financialization of the economy and income inequality in selected OIC and OECD countries
- De Gruyter Oldenbourg
- 2019
- Gebunden
- 132 Seiten
- ISBN 9783110597691
Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society
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