Skip to main content
Non-financial boards have been closed.

Non-financial boards have been closed but will continue to be accessible in read-only form. If you're disappointed, we understand. Thank you for being an active participant in this community. We have more community features in development that we look forward to sharing soon. | The Motley Fool Community
Message Font: Serif | Sans-Serif
No. of Recommendations: 8
What makes this period of globalization special? The world has been fairly global merchant-dependant since the Phoenicians.
One of the differences I see is the rise over the past 40 years or so of the multinational firm, one of the most recent examples of which is Daimler-Chrysler. These are companies for which the nation-state is a nuisance and to which they owe no loyalty, unlike the great Dutch and British trading companies (read 'Nathaniel's Nutmeg', by giles Milton, an excellent account of British-Dutch rivalry in the spice trade). Thus, they can not be completely controlled by any one nation (I recall Mobil acting against putative national interests during the '73 Arab oil embargo), notwithstanding France's recent moves to prevent Marks & Spencer from closing its failing stores there. How does all this play out on the international economic stage? Dunno, but I do believe that uninational action is becoming increasingly futile in dealing with these global enterprises. And it is becoming increasingly difficult for nations to insulate themselves, a trend which has been developing since before the Great Depression. I think that economic crises of the 19th century were more national than international.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.