Political economy of globalization : financialization & crises

All societies in the world make their best effort to grow, to develop, to advance and to reach a
prosperous structure (Aydın, 2016: 1). Beyond the growth issues, the phenomenon of development
contains most of the problems about humanity. Not only the quantitative developments like
economic development, but also the social, political and even cultural changes are vital for the development.
The concept of development, which is a quite complex phenomenon to describe in the economics literature,
is handled by considering the links between development concept and the concepts of growth,
industrialization, modernization and structural change. After the consideration, the differences are analyzed
(Özyakışır, 2011: 48).