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Reading Summary: How the Globe Can Grind to a Halt.docx

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Department
Geography
Course
Geography 3422A/B
Professor
Milford Green
Semester
Winter

Description
How the Globe Can Grind to a Halt 2/25/2013 1:29:00 PM How the Globe Can Grind to a Halt  Both developed and emerging nations are living in the shadow of the globe’s greatest economic threat, the Eurozone crisis  The Eurozone was expected to fall into recession in 2012, dragging down global economic growth with it  The emerging regions most exposed to the Eurozone crisis is eastern Europe – many have economies integrated with western Europe and those countries depend of western European bank finance  Risk and reward: o Channel 1 – trade  Trade ties are the oldest, most visible and generally the most resilient channel  Recent declines in metal prices signal slowing economic growth in Europe and
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