American Isolationism versus the Global Economy

Weidenbaum, Murray
May 1996
Society;May/Jun96, Vol. 33 Issue 4, p54
Academic Journal
The article discusses basic points that illustrate the rise of a spirit of U.S. isolationism amid the increasing globalization of business and economic activity. The end of the Cold War brought on widespread expectation that the U.S. could safely and substantially cut back its military establishment. The isolationist tendency is visible and apparent. Even if a business does not export a thing and has no overseas locations, its owners, managers and employees are still part of the world economy. The same goes for the many companies and individuals that supply it with the goods and services. Employees, customers, suppliers and investors in U.S. companies are increasingly participating in the international economy. That is not just a matter of sales or even earnings originating from foreign operations. Also, the rise of the global marketplace provides vast opportunities for the U.S. to diversify their investments and to broaden business risk.


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