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Politics : Stockman Scott's Political Debate Porch

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To: crdesign who wrote (14793)3/17/2003 2:28:01 PM
From: TigerPaw  Read Replies (2) of 89467
 
The High Price of Bad Diplomacy
businessweek.com

The first decade of the new century is beginning to feel like the 1970s, when the turmoil of the Vietnam War cast a long shadow over the U.S. economy.

It may even get worse than that. Chief executives are beginning to worry that globalization may not be compatible with a foreign policy of unilateral preemption. Can capital, trade, and labor flow smoothly when the world's only superpower maintains such a confusing and threatening stance? U.S. corporations may soon find it more difficult to function in a multilateral economic arena when their overseas business partners and governments perceive America to be acting outside the bounds of international law and institutions.

TP
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