question archive Can anyone summarize and answer this ? Question: What do you mean with the line "When the American economy sneezes, the rest of the world catches a cold" ? TOPIC : INTERNATIONAL FINANCIAL INSTITUTIONS READINGS / DISCUSSIONS : World Economies have been brought closer together by globalization
Can anyone summarize and answer this ? Question: What do you mean with the line "When the American economy sneezes, the rest of the world catches a cold" ? TOPIC : INTERNATIONAL FINANCIAL INSTITUTIONS READINGS / DISCUSSIONS : World Economies have been brought closer together by globalization
Subject:WritingPrice: Bought3
Can anyone summarize and answer this ?
Question: What do you mean with the line "When the American economy sneezes, the rest of the world catches a cold" ?
TOPIC : INTERNATIONAL FINANCIAL INSTITUTIONS
READINGS / DISCUSSIONS :
World Economies have been brought closer together by globalization. it is reflected in the phrase "When the American economy sneezes, the rest of the world catches a cold". But it is important to remember that it is not only the economy of the United States but also other economies in the World that have a significant impact on the global market and finance.
For instance, the financial crises experienced by Russia and Asia affected the world economy. The strength of a more powerful economy brings greater effect on other countries. In the same manner, crises on weaker economies have less effect on other countries. For example, Argentina's serious financial crisis in the late 1990's and early 2000's had a comparatively small impact on the global economy.
Although countries are heavily affected by the gains and cries in the world economy, the organizations that they consist also contribute to these events. The following are the financial institutions and economic organizations that made countries even closer together, at least when it comes to trade.
