Stiglitz (2009, p. 282) points out that the global economic crisis began first in the developed countries. The fact that developing countries were not sufficiently "rich" to engage in unviable economic practices somewhat cushioned the impact of the crisis on them. Nevertheless, it remains a fact that the crisis has spread to global proportions as a result of both developing and developed countries interacting on a global business scale. Technology today has made it possible for all countries to participate in the economy, which means that a crisis in one country, and especially one as powerful and important as the United States, will inevitably affect the economies of other countries at some point, even if it takes some time for this to occur.

What this means for the study is that countries such as the United States and Kenya need to be aware, at all times of their own economic...
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