Financial re-regulation and restructuring

Financial markets are supposed to mobilize resources and allow their efficient allocation for productive investment. In addition, they are expected to facilitate transactions and reduce transaction costs, as well as reduce risk by providing insurance against low probability but high-cost events. Therefore, those markets are often seen as instrumental in promoting economic growth and broad social development. However, the hard reality is that they often serve as a means of speculation and financial accumulation without directly contributing to economic development and improving living standards, and throughout history they have been fraught with crises.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals