THE GAP BETWEEN FINANCE AND THE REAL SECTOR AS A PRICE CHALLENGE FOR DEVELOPED ECONOMIES

The article studies the issue of a significant reduction in the purchasing power of European and US currencies in the period 2000-2016 against a gradual alignment of domestic prices in the US and Europe. It reveals that the main reason for alignment of the prices in developed countries is the gap between finance and the real sector; producer and consumer sectors prices are mainly correlated with the index move on the stock market, and inflation or deflation in developed economies has virtually no effect on price proportions in national economies. The author argues that current development in the financial sector of developed countries features high levels of accumulated derivatives which significantly affect the stock market and economic sustainability. At the same time, the author points out that futures trading in commodities has a negative impact on the sustainability of the economy as it provokes price fluctuations, and has absolutely no connection with the real needs of domestic producers. Lack of connection between prices and expenses in the real sector in developed economies leads to increased disproportion in income distribution, loss in social resilience of national economies, and lower real living standard in EU countries and the USA.

financial sector of the national economy, real sector of the national economy, financial tools, decline in parity, purchasing power, national currencies, alignment of price levels, US economy, EU economy

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