تمعن حول الممولة : أزمات المالية الرأسمالية و الاقتصاد الجزائري

Abstract EN

The transformation of the international economy has gone from a debt economy to an economy of financial markets and then on to a speculative economy proper.

This transition is illustrated by the changes which have been those of financial flows themselves.

The latter which were initially longterm investments became openly dominated by short term profit seeking speculative international capital flows.

Such a new trend which is the direct outcome of a financial liberalization that was set during the 1980s and which is illustrating itself in today's context of an openly financialised accumulation regime leading to a sharp gap in terms of unparalleled profit rates and the rapid buildup of financial bubbles between the financial sector and the real economy.

The 2008 global financial crisis illustrates one of the most emblematic symptoms of such new trends.

In the context of an openly unstable and fragile global economy, many countries are becoming more and more openly threatened, as is particularly the case of Algeria.

More explicitly, the Algerian economy which is mainly based on oil incomes must react by trying to get out of its own structural crisis and face the new unavoidable challenges which are those of an increasingly globalized financialised economy.