Hyper-Globalists Discovering the Deep Flaws from 2008 Great Depression (Essay Sample)

Hyper Globalists
Name
Institutional Affiliation
Hyper Globalists
The 2008 great depression attracted many researchers and economists to attempt defining its source and coming up with likely remedies on its dangers that still exist up to date. Hyper-globalists strive to discover the deep flaws originating from the 2008 great depression that struck the US and affected many other nations globally. In relation to such an era, the International Political Economy (IPE) has contributed to globalization insights to fuse the economic and political spheres to a common ground. Different studies agree that the 2008 recession was a significant era with distinct implications in government policymaking. In the US, the great depression had adverse economic implications for global corporations and, generally, global markets. The 2008 great depression triggered the hyper-globalists to scrutinize globalization's insights due to the depression's implication in distinct sectors and markets.
The 2008 recession has adverse economic outcomes and financial instabilities on many global corporations. Alvi (2017) indicates that with the economy of the US being among the lead when the depression struck, parties in the globalization sector encountered different challenges, including low interest rates and a decline in global growth. From a general overview, this occurrence and outcomes were not an overview of the hyper-globalists. The hyper-globalists appeared to take contradicting facets about the depression outcomes. Such contradicting insights traced origin from the reality that before the 2008 great depression, the US economy was on the upsurge, with foreign lending taking a significant proportion of the credit pool (Baker et al., 2019). Contrary, the scheme with support from the hyper-globalists did not turn out as per their expectations due to the adverse implications that the great recession had on globalization.
The effects of the 2008 recession in the US spread to almost every corner of the world. According to Chen et al. (2019), the 2008 financial crisis is one of the significant crisis that has gone global in many decades. During the quarters of 2008 and 2009, a swift spread of the recession implications to other nations was not affected (Chen et al., 2019). As per the insights of hyper-globalists, globalization led to minor implications on the US economy, which might have been different if the US was not subject to a globalized economy. Globalization contributed to the spread of the crisis in different nations in identical trading blocks.
Over time, a decline in productivity growth predating the US's 2008 crisis has led to adverse implications in other sectors, more in the mortgage sector. The hyper-globalists had perceptions that swift globalization action depended on credit for it to trigger development (Baylis et al., 2017). Nonetheless, the mortgage crisis seemed to be sharing a different course. The housing sector suffered severely because mortgage securities began to drain capital resulting in a surplus in housing in a depressed economy, which drove many builders and laborers off their jobs. The recession contributed to other adversities in the globalization context, such as the irony of the global market. At the time the 2008 recession struck, many international markets were not subject to credit. However,