Financial Market Diversification in Southeast Asia

The social division of labor and technological progress catalysed the process of capital accumulation in the most profitable areas of the world economy. At the financial area, which characterised as advanced because of high profitability in recent decades, a key mechanism for expansion of profitable capital investing and providing competitive development is diversification through an entry into new sectors of the financial industry, the production of innovative financial services and introduction of new technologies and operational techniques. A case in point of the effective use of mechanisms how to diversify the globalization of financial markets show the countries of South Asia, which in recent decades have not only strengthened competitive positions in the global financial system, but also turned into an attractive area for transnational financial capital. However there still no theoretical principles of national financial markets diversification in terms of economic globalization. Thus, the present study aims to explore the key trends of the world market in financial globalization paradigm, to reveal the essence of diversification of financial markets in a global environment and forms of expression and identify key forms and diversification mechanisms of financial banking systems in Southeast Asia. Scientific methods will be used to study transformational changes in the world market in the paradigm of globalization. Keywords: financial globalization, financial markets, financial markets diversification, banking sector, stock market, currency market, scenario of regional financial integration, monetary and financial integration, international financial competitiveness.