Explain the scientific concept of butterfly effects

Reference no: EM13822149

Economic Article Analysis - FOR PROF.QLTY ONLY

One of the basic arguments in Thomas Friedman's (2005) book, The World is Flat, is that we are more globally interconnected today than at any other point in history. This idea is also prevalent in the scientific concept of "butterfly effects," the notion that a butterfly flapping its wings in Tokyo can cause a tornado in New York. To analyze this, please find one news article from the past year that illustrate how events in other parts of the world affect the US economy. From another perspective, identify one event in the US that might have had an impact on economics of other world regions.

Reference no: EM13822149

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