(7/2010) The Global Economy: A Myth By Ian Fletcher (Financial Well Being‪)‬

Ian Fletcher-- If there's one thing everyone knows these days, whether they're happy about it or not, it's that we live in a "global" economy. This fact is taken as so obvious that anyone who disputes it is regarded as not so much wrong as simply ignorant--not even worth arguing with. So it may come as a shock to many that, in reality, the clich that we live in a borderless global economy does not survive serious examination. The key is to ignore the Thomas Friedmanesque rhetoric the media is flooded with and get down to some hard numbers.