Modern Trends of Financial Sector Development under the Virtual Regionalization Conditions

Kazimierz Pająk , Bożena Kamińska , Oleksii Kvilinskyi

Abstract

The article analyzes the current trends in the development of the financial sector under the virtual regionalization conditions. Based on empirical research with regard to global financial institutions, options for addressing the problems of micro, meso and macro levels in the long-term prospect of the world economy have been suggested, in relation to the technological cycle of Kondratiev waves. In the study, research results of both the economists engaged in the problem of sustainable socio-environmental-economic development under the modernization and post industrialization conditions, and researchers of adjacent scientific fields. The analysis results of the present article allow for the discovery of new horizons and areas for scientific analysis to bring together science and practice, as well as for creating conditions for accelerating scientific and technological progress.