JUN 18 The Political Economy of Global Financial Crises

This lecture will focus more on the nature of financial crises. Since the 1970s, these kinds of crises have become more common, and are much more global in their scope. The largest, so far, has been the crisis of 2008. The increasing frequency of these crises is, of course, related to the globalization of finance.
I choose to write about this quote because It is true that the 2008 financial crisis was so far, the largest and is mainly related to financial globalization. Globalization is beneficial among countries because it creates jobs and allow countries to import and export goods and services to boost or increase their economy and so on. on the other hand globalization can be the opposite. for example the 2008 financial crisis due to globalization affected many countries it did not just affect America but instead it affected countries on a global level. This type of financial crisis can be repeated again if President Trump really start a trade war with china. Again this war will be a very large crises related to globalization of finance. China, America and other large countries will face economic and financial crises as a result it will be related to globalization. I say this because over 10 American companies including caterpillar and apple have very close relations with china and they are technically American companies, They will face huge loses if trump put the trade war in effect.