I am presenting next Friday at the DGA Conference and wanted to try out some of the ideas from my presentation here with you. The following is a brief snippet. Any comments/suggestions are always welcomed.
---
One of the most significant enablers of a distinctively new configuration of global finance is the recent application of digital information technologies in financial transactions. These technologies have facilitated the nearly instantaneous transaction of more complex financial instruments by a wider array of investors at lower costs.
Digital financial transactions have reconfigured these global, fast-paced conduits into new hierarchical formations where governmental institutions do not necessarily occupy the top layers. For example, the application of digital technologies in finance has allowed for an interconnected and distributed network of a larger number of investors and instruments to end up as a kind of concentrated power not previously observed.
It is not impossible to imagine a large-scale financial crisis occurring before the wide-spread use of digital technologies; the Great Depression of the 1930s is the most well-known example of such. However, it is perhaps difficult to imagine millions of decisions from a multitude of dispersed investors coalescing around a handful of countries to severely affect their national markets in a matter of a few weeks, such as what occurred during the 1997 Asian crisis.
The speed of action of this concentrated power, and not only its scale, becomes a major transformative feature in our current architecture of global finance.
It is largely through the interplay between money and digital technologies, complex financial instruments, private knowledge networks, and other phenomena that I believe global financial markets have been able to overgrow the centripetal pull of governmental frameworks, whether national or international.
As with other social structures becoming transfixed by globalization, the emerging architecture of global finance lets us peer into a medieval-like future of overlapping authority, competing allegiances, and a diffuse patchwork of social dynamics.
Subscribe to:
Post Comments (Atom)
2 comments:
Hello. This post is likeable, and your blog is very interesting, congratulations :-). I will add in my blogroll =). If possible gives a last there on my blog, it is about the Servidor, I hope you enjoy. The address is http://servidor-brasil.blogspot.com. A hug.
Hello !.
You may , perhaps very interested to know how one can collect a huge starting capital .
There is no initial capital needed You may commense to get income with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
AimTrust represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with affiliates around the world.
Do you want to become really rich in short time?
That`s your choice That`s what you wish in the long run!
I feel good, I started to take up real money with the help of this company,
and I invite you to do the same. If it gets down to choose a proper companion who uses your funds in a right way - that`s AimTrust!.
I take now up to 2G every day, and my first deposit was 1 grand only!
It`s easy to get involved , just click this link http://igemyrav.builtfree.org/jidesyv.html
and go! Let`s take this option together to feel the smell of real money
Post a Comment