Global Meltdown Review

: Identify the collapse of the US subprime mortgage market as the primary trigger.

Below is a draft paper outline focusing on the , as it is the most frequent academic and professional application of the term.

: The collapse of export-oriented industries due to weakened global demand.

The Global Meltdown: Mechanisms of Contagion and Policy Recourse I. Introduction

: Define "Global Meltdown" as the systemic failure of interconnected financial markets starting in late 2007.

: Sign of decline in automobiles, infrastructure, and tourism.

: Discuss the role of uncertainty and "Ponzi" finance structures in deregulated markets.