Globalization Lecturer

This lecturer was mainly focused on the disadvantages of the globalization which led to the financial crisis. Actually, because of the new credit type which has been appeared in USA, which consists of giving credit without a mortgage this crisis has been set up. People were happy with this kind of credit but the problem came when the moment of payment has come. Those borrowers were unable to give the credit back and to pay the bank. This pushed them to obtain more credit and this was making the situation worse. Finally, because of the globalization this problem has been occurred in the entire world.