Home    What's new    Search    Contact Us   Sign in / Register
· You are here: Home • Our work • Schools and education » • School Members Area » • Global perspectives, geopolitics and development »
About us Our work What's on Geography today Press & Media News Join us
Royal Geographical Society (with IBG): the heart of geography
An introduction to Superpower Geographies
A new recipe for economic development
A Shrinking World
Aid and influence
Arab awakening
Baby steps for China
Building a nation: South Sudan one year on
Building BRICS
Cars: The global business of Britain is back on track
Celebrating new appropriate technology
China and North Korea: Regional economic cooperation
Chocolate spread over
Credit Crunch Geography
Factors influencing the success of pastoral farming in developing countries
Fast Food Farmers
Fast Food Geography
Follow the thing: Papaya
Geography, power and the Olympics
Global flows
Global motorization, social ecology and China
Global production networks
Hello South Sudan
India - Change and challenge for a new superpower
Inequality and its management
Kinky boots
Life transitions and care in sibling-headed households affected by AIDS in Tanzania and Uganda
Making music in the global economy
Measuring International Corruption and its Impacts
Rio+20: A global evaluation of sustainable development
Supermarket Sweep
Surfs up!
The BRICs are coming: Will Brazil ever arrive?
The Congo Wars: geography NOT in the news
The Deepwater Horizon, the Mavi Marmara, and the dynamic zonation of ocean space
The geography of gold
The horsemeat scandal and other food geographies
Two views on the growth of China
The Nicaraguan trans-oceanic canal
International Women’s Day 2017
The US presidential election 2016
What is Brexit? The UK and EU relationship 2017

Credit Crunch Geography

March 2010

Why did the global credit crunch cause Iceland to lose its McDonald’s restaurants?

Credit crunch geography

McDonald’s is pulling out of Iceland. The mid-Atlantic island’s economy has been badly hit by the “global credit crunch.” Big Macs no longer pull in profit there. Rising unemployment and a collapsing currency mean that tills have stopped ringing in capital Reykjavik’s Americanised fast food stores.

Eighteen months on from global credit crunch headlines first appearing in newspapers, we also report here on the wider geographical impacts of the worst global recession of the post-war era.

We ask: what happens when global flows slow down, or even go into reverse gear? And what led to the sudden "de-coupling" of so many global connections in the first place?


  • AS/A2/IB teaching of globalisation, glocalisation and the operation of global networks (interdependent places)
  • KS5 synoptic study of the global credit crunch

In the Members' Area:

  • The “de-McDonaldsisation” of Iceland
  • Financial connectivity and the global credit crunch explained
  • Geographical impacts of the credit crunch
  • KS3 PowerPoint

Sign in to read the full article. If you are not already a member you can join us as a School Member or Young Geographer and access our vast library of educational articles.


· Accessibility statement
· Terms and Conditions, and Cookie use
· Contact Webmaster
· Download Adobe Reader
· RGS-IBG is not responsible for the content of external internet sites

Bookmark and Share