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When Belgium sneezes, the world catches a cold: What statistical physics tells us about the global economy

from IOP News

Using the k-shell decomposition method, physicists have identified the 12 countries with greatest power to spread a crisis globally. Their analysis of countries' economic interconnectedness finds that some of the countries with the greatest potential to cause a global crash have surprisingly small gross domestic production. Their result groups European countries Belgium and Luxembourg alongside the U.S. in the top 12 economies in terms of impact on a global economic crisis. more


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