Word: interconnectedness
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"If GM were to go into a free-fall bankruptcy and didn't pay its trade debts, then the entire domestic auto industry shuts down," says Rodriguez. The system - the domestic auto plants and their interconnected group of suppliers - is far bigger than GM. It includes 54 North American manufacturing...
The biggest potential land mine in the Obama coalition isn't the culture war or foreign policy; it's nationalism. On a range of issues, from global warming to immigration to trade to torture, college-educated liberals want to integrate more deeply America's economy, society and values with the...
Pointing to the Middle East as an example, Scowcroft said that international problems no longer end within country lines but are instead “overlapping and interconnected.”
Such pain is the flip side of globalization: the world is now so interconnected that trouble in one place, especially somewhere as economically powerful as the U.S., can and does easily spread elsewhere. For a while, Turks - like Chinese, Brazilians, Indians, Hungarians and others - thought their buoyant domestic growth could...
5 Create an effective multilateral agency. As the global economy becomes more interconnected, we need better global oversight. It is unimaginable that America's financial market could function effectively if we had to rely on 50 separate state regulators. But we are trying to do essentially that at the global...