Summary of Interconnectivity
The New Structure of the World Economy
When a financial crisis hits one country, the structure of the global economy ensures contagion.
A country’s size reveals nothing about its economic might. In this engaging talk, economist Min Zhu takes his audience on a geoeconomic world tour while explaining the factors that determine a nation’s economic influence and revealing the reasons “interconnectivity” can be a double-edged sword. getAbstract recommends Zhu’s charming, captivating lecture to economic scholars and anyone who wants to understand what makes the global economy tick.
In this summary, you will learn
- Why the 2008 global financial crisis, which originated in the United States, spread worldwide;
- How global economies cluster together; and
- Why that tendency presents both benefits and risks.
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