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Crisis of Credit (Links to an external site.), featured in the additional links section of Week 2, explains the 2008 financial crisis in an easy to understand manner. After viewing this explanation, and reading “The Great Deglobalizing” in this week’s additional links section, what are your thoughts? Did liberal economic policies (loosening government controls) result in too much deregulation (such as leading to the financial crisis)? Do you believe that deglobalization is occurring? Based on the chapters covered so far in the textbook, what are some concerns regarding a retreat from globalization?
(your response should be at least 300 words)
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