Summary of Interconnectivity

The New Structure of the World Economy

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Interconnectivity summary
When a financial crisis hits one country, the structure of the global economy ensures contagion.

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8 Overall

9 Importance

8 Innovation

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Recommendation

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
  • Why that tendency presents both benefits and risks
 

Summary

On September 15, 2008, disaster struck the global economy when US investment firm Lehman Brothers collapsed. Within hours, the downturn had spread to Asian and European markets. In just three months, the catastrophe wiped $26 trillion from...
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About the Speaker

Economist Min Zhu is deputy managing director of the International Monetary Fund.


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