Module Two-Transatlantic Trust in Economic Practices and Capital Flows

Photo courtesy of Adam BakerThe second project “Transatlantic Trust in Economic Practices and Capital Flows” examines the increased global financial interconnectivity, with a special emphasis on the consequences of the European sovereign debt crisis on the transatlantic relationship at the domestic and regional levels. These capital flows are made possible by the interconnectedness of modern economies, which serve as major generators of prosperity with some serious strings attached as experienced during the 2008 financial crisis. However, these ties also bring added requirements for trust, as developments in one country frequently impact others in unexpected ways. For example, transatlantic financial interconnectedness harmed the European economy after the collapse of the prestigious investment firm Lehman Brothers in September 2008, which triggered a global domino effects of the financial makers. This crisis caused some serious complication of the Eurozone economies during the sovereign debt crisis. As economic choices continue to be widely felt, further trust is required that countries are governed according to best practices.

 

 

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