The Global Financial Crisis is sweeping across the world and is affecting economies all over the globe. According to Anup Shah, the author of the article, "The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems." Here, readers understand that this is a global crisis because it certainly affects governmental systems around the globe in a negative way. The idea of a global crisis or a global issue for that matter can be related to the idea of suffering around the world. The issue with a global financial crisis is that it affects everyone around the world because our world is very interconnected. Its a pretty simple concept, a problem with the economy poses a threat to the people involved in that economy, this refers to us, people under the governmental control of our individual country. We are affected by our worsening economies because we can't afford to pay for our rent, groceries, etc. This requires the governmental systems around the world to fix this problem, and in my opinion, they better do it quick.
Work Cited for Quarter 3 Blog 11:
"Global Financial Crisis". Anup Shah. March 02, 2009. www.globalissues.org. © Copyright 1998–2009. March 8, 2009. http://www.globalissues.org/article/768/global-financial-crisis
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