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Conclusion: Crises as Catalysts of Structural ChangeStructural Change

In: Structural Change and Competitive Dynamics in Global Financial Markets

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  • Mehmed Ganić

    (International University of Sarajevo)

Abstract

This chapter concludes the book with an analysis of three key transformations in the global economy. First, the shift to a multipolar structure in which the United States, Russia, and China collectively hold global income; second, the rise of debt as the main source of financing, especially after the dynamic increase in corporate debt; and third, the increase in the productivity of the financial sector, with a shift from bank lending to market-based financing. Regional differences in the resilience of financial systems are now apparent. While the Asia-Pacific region is very resilient, Europe faces structural problems, and North America maintains its lead despite growing instability. Overall, the crisis acts as a catalyst for change and highlights weaknesses in the global financial system.

Suggested Citation

  • Mehmed Ganić, 2026. "Conclusion: Crises as Catalysts of Structural ChangeStructural Change," Springer Books, in: Structural Change and Competitive Dynamics in Global Financial Markets, chapter 8, pages 121-124, Springer.
    • Handle: RePEc:spr:sprchp:978-3-032-28906-3_8
    DOI: 10.1007/978-3-032-28906-3_8
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