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September 15, 2008: The financial panic, which began in the United States but quickly bounced across the globe, quelled any doubt that the world's economies are linked inextricably.
What originated as a sub-prime mortgage crisis in the US morphed into a global epidemic. Ironically, one of the leading causes of this was connectedness—the very thing that many had hoped would bring positive change. The economic crisis proves that the potential benefits of connectedness also carry dire consequences.
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3 The downside of globalisation
The world is now connected, and while that connectedness promised many positive changes, it cannot be denied that it was also a leading catalyst for the crisis. Can CEOs determine how to manage those risks and, in the light of the damage, uncover the upside and opportunities that globalisation can still offer, both today and tomorrow?
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