davehero11
Even before the terrorist attacks, the fall in U.S. demand ripped holes in the economies of its trading partners from Mexico to Taiwan. Countries in Latin America and Asia especially felt that they were on the short end of the stick. It was a classic case of a sneeze in the United States (that is having a mild recession) making the rest of the world catch pneumonia (in the form of a severe recession because of their dependency on exports to the United States).
It was Osama bin Laden’s attack on the United States which has changed all of the dynamics of that blame game. Much of the pointed criticism of the United States and globalization has now either been toned down considerably — or come to a halt.
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It was Osama bin Laden’s attack on the United States which has changed all of the dynamics of that blame game. Much of the pointed criticism of the United States and globalization has now either been toned down considerably — or come to a halt.