NEODUSNeo Du's Little Ambition

page 4 – Introduction， section V

It’s sure that, in the 21st century, the modern finance plays different roles in the different economies. In the developed market economies, modern finance is maintaining the normal functioning of their economies, while also sharing the wealth of other countries. In the emerging market economies and the less developed market economies, modern finance promotes the development of these economies. But on the other hand it’s also likely to become the wealth leakage mechanism of these economies. Therefore, in the 21st century, modern finance becomes the strong promoter to the globle economic growth and the important mechanism for world’s wealth redistribution among the international communities. This is mainly because economic globalization and financial market integration trends gradually remove the barriers to the international free flow of wealth and economic resources. While transformation of the wealth to financial assets and financial assets securitization, has greatly enhanced the liquidity of wealth and assets. So, in the 21st century economic performance and wealth flow are much faster than before. Under such conditions, the modern financial system based on a strong lever system, will certainly become the important mechanism which some countries use to plunder other countries’ wealth and resources or possible means that some little groups use to rob the wealth of the public. The 19th century and before, it is colonial policy which was used to divided the world market and to exploit the wealth and resources; the first half of the 20th century, the war; and now it seems to rely on modern financial mechanism. The financial crisis exploded in the last few years of the 20th century in some Asian countries and regions, is the indication of the dark side of modern finance civilization. Trying to prevent the spread of this dark side,  should be the primary task of the financial world for the 21st century.