: The collapse of export-oriented industries due to weakened global demand.
: Identify the collapse of the US subprime mortgage market as the primary trigger. Global Meltdown
: Mark the September 2008 Lehman Brothers bankruptcy as the pivot point where the crisis became a "total meltdown". III. Channels of Global Contagion : The collapse of export-oriented industries due to
: Define "Global Meltdown" as the systemic failure of interconnected financial markets starting in late 2007. Global Meltdown