Financial markets' expectations and human development

Financial markets' expectations and human development Purpose – It matters to be aware of the important direct or indirect role of the financial markets in the human development dynamics in a globalizing world. The purpose of this paper is to identify some main inter‐relations in the socio‐economic system. Deterministic technical factors are opposed to individual or political will. Invisible and visible hands of “players” are designing the future. Is fear justified? Design/methodology/approach – This paper uses a systemic approach to describe the impact of the regulation rules through market forces (here the financial markets). But, these forces are not just anonymous; behind hide shareholders, stakeholders, financial funds and institutions, corporate managers, consultants and analysts, employees, retired individuals, politicians, etc. The socio‐economic game is asymmetric and often conflicting. Findings – The paper tries to explain how the present winners of the game are powerful. The domination effect has its rationale. Applied skills and behaviour of the players are able to contribute to the general equilibrium or unbalance of the social system; but this is never a stable one. Evolution may lead to a paradigm shift or a dangerous clash. Originality/value – The paper brings together diverse aspects, facts and theories that illustrate the relationship between monetary assets, business activities and human well‐being (both materialistic and intangible). It underlines also the role of policy that has to legitimate the finality of the system. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Society and Business Review Emerald Publishing

Financial markets' expectations and human development

Society and Business Review, Volume 3 (2): 10 – Jun 20, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1746-5680
DOI
10.1108/17465680810880080
Publisher site
See Article on Publisher Site

Abstract

Purpose – It matters to be aware of the important direct or indirect role of the financial markets in the human development dynamics in a globalizing world. The purpose of this paper is to identify some main inter‐relations in the socio‐economic system. Deterministic technical factors are opposed to individual or political will. Invisible and visible hands of “players” are designing the future. Is fear justified? Design/methodology/approach – This paper uses a systemic approach to describe the impact of the regulation rules through market forces (here the financial markets). But, these forces are not just anonymous; behind hide shareholders, stakeholders, financial funds and institutions, corporate managers, consultants and analysts, employees, retired individuals, politicians, etc. The socio‐economic game is asymmetric and often conflicting. Findings – The paper tries to explain how the present winners of the game are powerful. The domination effect has its rationale. Applied skills and behaviour of the players are able to contribute to the general equilibrium or unbalance of the social system; but this is never a stable one. Evolution may lead to a paradigm shift or a dangerous clash. Originality/value – The paper brings together diverse aspects, facts and theories that illustrate the relationship between monetary assets, business activities and human well‐being (both materialistic and intangible). It underlines also the role of policy that has to legitimate the finality of the system.

Journal

Society and Business ReviewEmerald Publishing

Published: Jun 20, 2008

Keywords: Financial markets; Human resource development; Management power; Social structure; Influence

References

  • Is the future a given?
    Prigogine, I.

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