In this age of globalization, companies and entire economies across the world are becoming more intertwined. The world is becoming smaller, figuratively, which is a positive development for business. It means greater specialization, more trade, heightened competition and lower prices.
But when countries become more intertwined, they also have a greater stake in one another's future. And they share in one another's ups and downs more. Consider the mess in the Eurozone as the members debate the future of their weakest links. Or even more to the point, consider the investors and businesses in the U.S. whose fortunes are tied to the Eurozone and the euro. More than ever, the world is moving in tandem. For better or worse.
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