Assessing the Impacts of the Recent Credit Crunch on Emerging Economies

The seminar has been held on the current global economic crisis, specifically its implications on world economies. Prof Serin talked about the third wave of globalization and how it changed the financial institutions underlying the differences from the previous financial crisis.  In her analysis, Prof Serin also told that the modern world system has gone through several rounds of hegemonic shifts and several cycles for centuries and mentioned the effects of the global crisis on the shifts of world’s economic power with particular attention to emerging economies.