RobertB
January 23rd, 2008, 05:13 PM
Money flows 'round the globe; where it stops, no one knows
Wed Jan 23, 12:22 AM ET
Investors are finding out what factory workers learned long ago: Globalization isn't always their friend.
That's evident when people pay so much attention to plunging stock markets in places such as Frankfurt and Shanghai, and when the Dow Jones Industrial Average drops "only" 128 points, as it did Tuesday, after being down 465 early in the day after the foreign sell-off.
In the long run, free trade and international investment can promote wealth, create middle classes and foster democracy. Nonetheless, it's hard to look at today's international economy and markets and not wonder whether something's seriously amiss.
http://news.yahoo.com/s/usatoday/20080123/cm_usatoday/moneyflowsroundtheglobewhereitstopsnooneknows;_ylt =A9G_RmQUu5dHlVQAPQWs0NUE
Wed Jan 23, 12:22 AM ET
Investors are finding out what factory workers learned long ago: Globalization isn't always their friend.
That's evident when people pay so much attention to plunging stock markets in places such as Frankfurt and Shanghai, and when the Dow Jones Industrial Average drops "only" 128 points, as it did Tuesday, after being down 465 early in the day after the foreign sell-off.
In the long run, free trade and international investment can promote wealth, create middle classes and foster democracy. Nonetheless, it's hard to look at today's international economy and markets and not wonder whether something's seriously amiss.
http://news.yahoo.com/s/usatoday/20080123/cm_usatoday/moneyflowsroundtheglobewhereitstopsnooneknows;_ylt =A9G_RmQUu5dHlVQAPQWs0NUE