Summary of Interconnectivity

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Interconnectivity summary
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Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Engaging

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.

About the Speaker

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

 

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 global financial markets. In total, 67 million people around the world have lost their jobs due to the crisis.

In an effort to understand the contagion, the International Monetary Fund (IMF) set out to examine global “interconnectivity.” On a typical map of the world, Russia, Canada, the United States and China are the four ...


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