Tuesday, December 19, 2006

The Ups and Downs of Globalization

Now here's and interesting article by Stephen S. Roach at Morgan Stanley regarding the brief history, status and prognosis of globalization - "From Globalization to Localization".

Let's hope that Congress reads and heeds his analysis. It will make for a nasty recession if Congress over reacts and causes the pendulum to swing wildly to an extreme.

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