International Economics

: International Economics Order Description The global financial crisis gathered steam in US financial markets during 2008. Soon after, Europe, and specifically members of the Eurozone, plunged into an external debt crisis. The global economy fell into the Great Recession, a synchronized and pronounced downturn the world had not seen the like of which since the Great Depression. write an essay to critically weigh the costs and benefits of global financial integration. To guide your thinking, consider the following questions: Is financial globalization on balance beneficial? How should countries regulate their financial systems? What shape should the international financial architecture take? How can the international monetary trilemma or the financial trilemma be addressed? Is there a globalization paradox as outlined by Rodrik, and if so, what are its implications? Instructions: Write between 1000-1500 words, but not more. Pay attention to grammar, spelling and style. Incorporate at least one academic paper in your discussion. Draw on statistics to support your argument. Importantly, build your argument around the theoretical discussions of DD-AA model (of chapter 17/18) and/or the II/XX model (of chapter 19). The book in question is "International Economics" 10e by Krugman, Obstfeld, & Melitz. MLA format please, and at least one academic source