2014/05/28

Economic interdependence and war

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It's long overdue to recommend Krugman's blog post "Globalization and Macroeconomics". These days experience a high tide for remarks about how very much connected certain counties are economically and how this affects the risk of war.

The sad truth is, the European countries were trading very much (despite tariffs) prior to 1914, and the Great War still happened.

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