ABSTRACT
This chapter includes a literature review on financialization, looking at related papers from a variety of social science fields—economics, business administration, anthropology, politics, sociology—since the 2000s. The term “financialization” refers in aggregate to the new economic phenomena arising from the increasing importance of financial markets, financial motives, financial institutions, and financial elites in the operation of the economy and its governing institutions, both at the national and international levels, these trends having emerged mainly since the 1980s. In contrast to the traditional approach of discussing relationships between efficiency of the financial markets and technological innovation, Chapter 2 attempts to present a new perspective based on the relationships between the financial markets, corporate governance, and technological innovation. We attempt through this literature review to clarify the relationships between financialization and technological innovation, an approach that prior discussions on financialization overlook.
