What globalization?

PositionOff the News

"The world is just not as flat as pundits would have us think. More than half of global trade, investment and migration still takes place within regions--much of it between neighboring countries. Canada is the United States' biggest trading partner. In his very smart book World 3.0, Pankaj Ghemawat, a professor at the IESE Business School in Spain, tallied up a few telling numbers. Some 80 percent of global stock-market investment, for example, is in companies that are headquartered...

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