Interconnectivity: the new structure of the world economy
20,855 views | Min Zhu • TED@BCG Paris
The 2008 global financial crisis left the world reeling -- markets went under, millions of jobs were lost and economic security was deeply compromised -- all within the space of a few months. IMF economist Min Zhu lays out how global economies are intricately connected and how a bankruptcy in one country can cause lasting damage worldwide. Understanding these complex relationships -- and implementing systems to guard against similar meltdowns in the future -- he urges, is imperative if we're to protect against the increased volatility of our hyperglobal era.