The Great Illusion About Globalization

Follow this link to Paul Krugman’s piece in the New York Times.  He makes a good point about the damage that may eventually result from crises like the one in Georgia with Russia.  Though the impact of this one incident seems small, it shows how fragile globalization might be.  This empty scabard rattling of John McCain and George Bush may just be the irrational actions that Krugman fears.

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