CRISIS AS A FACTOR OF CYCLICAL DEVELOPMENT

Анотація

Numerous crisis projects have been around for two decades, but, in the present world, they are in crisis, they imagine themselves as natural crisis cases and their causes and consequences. The overwhelming number of other crisis and economic crises, both for the emergence of which remain in its service and for large-scale development are crisis, undoubtedly are systemic, structurally-cyclical, suffering, which requires its vital resources of market economic systems. The prerequisites for the emergence of a financial and economic crisis should include, first, the contradictions in the development of the real and financial sectors of the economy, which are manifested in their asynchrony and disproportionality against the background of constant strengthening. Secondly, it is a crisis of economic policy and economic mechanism based on the principles of monetarism. Third, it is the inconsistency of the principles of the Jamaican world monetary system with the changing conditions of operation and the deployment of forces in the world economy. Financial capital, which is the "shadow" of real capital, in the face of gigantic financial speculation, becomes a fiction and leads to the formation of an unsecured macroeconomic bubble. By 2007, this fictitious capital, or the shadow of its real counterpart, had increased significantly, the illusion of value detached from the real economic reality of prices. This is especially evident in the global financial markets. First-order securities -stocks -have increased their value tenfold. The value of securities, or so-called market capitalization, is ten times the value of real assets, depending on the market situation. According to statistics, by 2008, global gross domestic product

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