Can their relationship survive distance, globalisation and the passage of time?
Yet in December 2001 Argentina defaulted on $155 billion of debt and collapsed ignominiously into political and economic chaos.Related items Globalisation and its criticsSep 27th 2001Pessimists were quick to suggest that globalisation cannot survive these shocks.
She has seen a system collapse, and is deeply convinced that Germany needs a unified Europe, not only to battle the ghosts of history but to help the entire continent survive the great game of globalisation.
That, he thinks, should help its institutions survive.So the chances are that globalisation will not go into reverse.
More importantly, he rather glosses over his conversion from enthusiasm for the European single currency to becoming "a little Eurosceptic in recent years", and has a perhaps naive belief that globalisation and free trade will survive the crisis.
Or it might even plunge a desperate young "illegal" into the London underworld, hustling to survive on the seamy side of an emergent globalisation.
However, we must adapt to the ever-increasing trend toward globalisation and quickly adjust our system in order to survive in this new environment.
No longer, for instance, do Brazilian and Argentine bonds move in tandem simply because the two countries happen to be next to each other on the map.Good news for someIn short, most aspects of globalisation have survived the shocks of 2001 remarkably well.
A rich man appreciates his extra cash but this does not compare with what a poor family gains from seeing an infant survive childhood or learn to write.The general reduction in the numbers of the very poor weakens the perceived link between globalisation and inequality.
Second, although some theocracies survive in the Islamic world, religion has returned to the stage as a much more democratic, individualistic affair: a bottom-up marketing success, surprisingly in tune with globalisation.
As with many other folk cultures in a world flattened by globalisation, the traditional music of Egypt must adapt itself from the street and the ceremony to the stage and the concert hall to survive.
