Ideas change everything

Interconnectivity: the new structure of the world economy

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Min Zhu |

TED@BCG Paris

• May 2016

The 2008 global financial crisis left the world reeling -- markets went under, millions of jobs were lost and economic security was deeply compromised -- all within the space of a few months. IMF economist Min Zhu lays out how global economies are intricately connected and how a bankruptcy in one country can cause lasting damage worldwide. Understanding these complex relationships -- and implementing systems to guard against similar meltdowns in the future -- he urges, is imperative if we're to protect against the increased volatility of our hyperglobal era.

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Want to use TED Talks in your organization?

The 2008 global financial crisis left the world reeling -- markets went under, millions of jobs were lost and economic security was deeply compromised -- all within the space of a few months. IMF economist Min Zhu lays out how global economies are intricately connected and how a bankruptcy in one country can cause lasting damage worldwide. Understanding these complex relationships -- and implementing systems to guard against similar meltdowns in the future -- he urges, is imperative if we're to protect against the increased volatility of our hyperglobal era.

Want to use TED Talks in your organization?

About the speaker

Min Zhu

Economist

Min Zhu became the deputy managing director of the International Monetary Fund in 2011. Prior to working at the IMF, Zhu was the deputy governor of the central bank in his native China. Zhu received a PhD and an MA in economics from Johns Hopkins University and an MPA from the Woodrow Wilson School of Public and International Affairs at Princeton University.

About TED Institute

Every year, TED works with a group of select companies and foundations to identify internal ideators, inventors, connectors, and creators. Drawing on the same rigorous regimen that has prepared speakers for the TED main stage, TED Institute works closely with each partner, overseeing curation and providing intensive one-on-one talk development to sharpen and fine tune ideas. The culmination is an event produced, recorded, and hosted by TED, generating a growing library of valuable TED Talks that can spur innovation and transform organizations.

Read more about the TED Institute