Globalisation lecture

Today Steve gave a very interesting lecture on GLOBALISATION. He mentioned how it happened and how it affected to economic. The UK faced recession for the first time in 1930. Nearly eighty years later, we are struggling in economic downturn. As a consequence many people lost their jobs, shortage of money and money’s loss of value. Moreover, most banks found the financial turmoil because they did not have enough money to boost business. The subprime crisis began in USA two years ago, across Europe to Asia. It is negatively affected like contagion. Finally, globalisation effects many aspects, especially trade , finance, and production.