The passed-off danger within the global economy
Monday, July 28, 2008 at 3:08AM
Thomas P.M. Barnett

ARTICLEL: “Hot and bothered: Despite strict capital controls, China is being flooded by the biggest wave of speculative capital ever to hit an emerging economy,” The Economist, 28 June 2008, p. 79.

The nature of globalization today is that money will pretty much go anywhere for better use, so downturns in one region or regions means great opportunity for others.

But too much of a good thing—even money—is a bad thing.

And so we get another lesson in all this connectivity: momentum has to go somewhere.

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