This is the genesis of the proposition and implicit goodness of the internationalization of the finance capital. This is the myth. Let us look at the reality. There has been a continuous growth, and internationalization, in finance capital. Let us now relate it to the real economy.
Finance capital is reflected in the stock market transactions.
The success and growth of the finance capital is verified by the rise in the value of shares in the stock markets measured by such indices as Dow Jones. Real economy, on the other hand, is defined generally in terms of jobs and its the success is measured in job growth. There is now growing evidence that the stock market has gone up when the real economy declined suggesting that there is a negative relationship between the growth of finance capital and economic growth. In fact stock market does best when economic growth is less than robust. 1994 was stock market's worst year since 1990, but it was the economy's best year in terms of job growth.