I read that it stemmed from a housing bubble in the US, but how did it affect countries like Latvia severely, or Estonia in terms of healthcare? Like, how did it become global?
In: 7
Because countries are not isolated from each other. The US isn’t isolated. It trades with nations across the globe, and those nations also trade with other nations. It’s a chain reaction effectively.
It’s why for example when the Ukraine war broke out, oil prices in North America skyrocketed. Russia doesn’t sell oil to North America, but it affected them anyway.
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