Globalization of financial markets provides benefits to nations but also carries risk to international stability due to:

Question

Quizplus · Accepted Answer

The globalization of financial markets can lead to the accumulation of unmanageable debt and subsequent defaults, which can have a destabilizing effect on the global economy. This was evident in the 2008 global financial crisis, where the collapse of the housing market in the United States led to a wave of defaults that spread to other parts of the world, causing widespread economic damage.

Globalization of Financial Markets Provides Benefits to Nations but Also