Thursday, November 13, 2008

Being in a Global Economy

The global financial crisis has taught us a very important lesson if we had not learned it already: The economies of the world are more interdependent than perhaps we ever thought. Markets are all of us globally linked.

While we are proposing measures to drill for oil for national security reasons, our financial structure is such that a single decision of another country could topple our economy, even though to do so may mean the destruction of their very own. Perhaps this is a security measure.

National security measures themselves seem interdependent too in that we need allies. There seems not to be another way to avoid this in respect to both economics and security. Perhaps this is the way that it should indeed be. Diplomacy then becomes even more of a necessity for global economics and for the security of us all.

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