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In fact nation states have not suffered anything nearly as devastating as the fall of empires such as the Ottomans and Austro-Hungarians. There is not one inch of territory once belonging to these empires left in Europe. There is no longer an Austro-Hungarian imperial army, police or university. Everything once belonging to these once ungodly sized empires has been succeeded by nation-states that conquered all their territory...
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Everything once belonging to these once ungodly sized empires has been succeeded by nation-states that conquered all their territory.
Volatile markets could be yet another price we have to pay for globalization. Sixty three trillion dollars is jumping in and out of countries world wide every year. This three trillion dollar a day flow in and out of countries is based on trade rumors...
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