EM Contagion Is Not a Global Economy Killer, Shilling Says

The video discusses the debt buildup in emerging markets post-Great Recession, highlighting the challenges faced by countries like Turkey due to dollar-denominated debt and a strengthening dollar. It questions the potential for contagion similar to the late 1990s crisis, noting the risks but suggesting that a global economic collapse is unlikely. The discussion includes historical context, referencing the 1998 Asian financial crisis and the 2001 recession, emphasizing the world's current economic vulnerabilities.

Reflect on the historical context of the late 90s emerging market crisis. What lessons can be drawn from it?

In your opinion, is the current situation a global economy killer? Justify your answer.