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When A Virtuous Cycle Turns Vicious

e21 | January 13, 2012

The interconnectedness of the global economy has substantially increased its rate of growth. However, that very interconnectedness can allow a local recession spread throughout the globe. A new article in the Financial Times titled “How the Globe Can Grind To a Halt” explains how real a danger we face. It is worth reading in full, but this excellent chart communicates the message clearly.

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