regarding the Global Financial Crisis (2007-2008). Now think about your country of origin (for example: India, China, Pakistan, Nigeria, etc...). In your opinion, could a similar crisis happen there? If such a crisis happened, would you expect it to be isolated to only one part of the financial markets or affect the broader market? Would you expect it to have effects on the real economy? What about contagion between countries or other sectors, such as insurance?

Note: your answer should be 3-5 paragraphs. Where any outside resources as used, they should be properly cited.