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The Uncoordinated Development of Virtual Economy and Real Economy in China from the Perspective of Financialization
- 1 Ningbo Hanvos Kent School
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Abstract
The social implications of the Internet's and virtual goods' rapid expansion make the global impact of the virtual economy an intriguing subject. The paper examines the disparity between the real economy and the virtual economy from the viewpoint of economic financialization using a method of literature review. The paper comes to the conclusion that, from the standpoint of financialization, the speed of global virtual economy growth has significantly outpaced that of the real economy, creating a challenging environment for economic growth. The expansion of the virtual economy must be controlled, and the growth of the real economy must be accelerated.
Keywords
virtual economy, real economy, financialization, economic development
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Cite this article
Wang,K. (2023). The Uncoordinated Development of Virtual Economy and Real Economy in China from the Perspective of Financialization. Advances in Economics, Management and Political Sciences,8,145-150.
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Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies
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