Which concept refers to the development of global money and stock markets?

The concept that refers to the development of global money and stock markets is globalization. Globalization involves the integration and interaction of economies, cultures, and societies on a global scale, particularly through trade, investment, and the flow of capital across borders.

In the financial context, globalization has led to the establishment of interconnected international markets, allowing for the trading of currencies and stocks on various platforms around the world. This development has facilitated the movement of capital, making it easier for investors to access markets and for companies to obtain funding from a wider range of sources.

Consumerism focuses on the cultural and economic emphasis on the purchase of goods and services, which is a separate concept. Monopolization refers to the process by which a single entity gains control over a particular market, harming competition. Inflation is the general increase in prices and fall in the purchasing power of money, which is unrelated to the development of global markets. Thus, globalization is the correct term that encompasses the expansion and integration of international financial markets.