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The global economic system must also deal with sovereign states being too big to fail.

Foreign investors are often surprised to find laws from the early 20th century, like the Myanmar Companies Act (1914), still in existence.The colloquial term "too big to fail" was popularized by U. Congressman Stewart Mc Kinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois.Some economists such as Paul Krugman hold that economies of scale in banks and in other businesses are worth preserving, so long as they are well regulated in proportion to their economic clout, and therefore that "too big to fail" status can be acceptable. For the designation of institutions as too big to fail, see Systemically important financial institution.For the 2009 Andrew Ross Sorkin book, see Too Big to Fail (book).




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