Knowledge of finance - a necessary condition for economic development

Statistics
Reads: 1172
Downloads: 3
Summary 

Due to the globalisation of the world economy and financial markets adaptation to new financial instruments has to be implemented quickly, otherwise the economic development of the country in question will lag behind other countries. Improving financial therefore literacy becomes a necessary and integral part of this process. The more informed people are about the situation in the financial market, and the more detail in which they understand the processes occurring in the global economy, the more effective they will be be in carrying out their own business activities and better at managing their personal savings to invest cash in financial instruments that, in turn, will increase the productivity of the economy as a whole and attract additional resources to the financial market.

Authors
Luzhina Anastasiya
Sector 
Year 
2011
Download full text 
AttachmentSize
Download 158.36 KB
Last updated 27.01.2016
Found an error? Select error with your mouse and press Ctrl + Enter
You are reporting a typo in the following text:
Simply click the "Send typo report" button to complete the report. You can also include a comment.