Transformation of World Economic System in the Context of Global Capitalism

Shaov A.A.

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Transformation of World Economic System in the Context of Global Capitalism

Shaov A.A.

(Maikop)

The modern world economic system of the West is considered as a systemthat it has formed an unprecedented in human history ?nancial and economic relationships based on business and pro? t-maximizing, which subsequently determined its economic dominance over the world. Moreover, the characteristic feature of such a system is evolved under the in?uence of the market’s faith in the fact that it is economic conditions determine the historical events.

Keywords

globalism, economocentrism, capitalism, capital lending market, traditional values, bank lending, economic man

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