What globalization?

Position:Off 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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