This is a response to Chris Williamsons blog the effects of Globalization on the economies worldwide.  I had also recently visited Spain and Italy in the summer and noticed the same forms of riots and high rates of unemployment. All these markets are interconnected to other markets worldwide and that is through the beauty of globalization.

The crash of the U.S economy marked the as second crash of the economy after the great depression. While the current European crisis is the same. A thought was given whether to kick Greece out of the Union but it would have caused further internal problems as other might want to leave too. This includes Spain and Italy, both dear members to the European Union.

Continuous trade and the benefits of globalization are the key for the recession to convert to a boom. China is the only country so far who has managed to pull itself of the recession the world currently faces.