The Riots In Egypt And The Price Of Oil • Egyptian Civil Strife Sends Oil Close To $100 On Suez Canal Fears What Is Globalization?
As if the world economy did not have enough problems already, now the riots in Egypt threaten to send the price of oil soaring into the stratosphere. On Friday, the price of U.S. crude soared 4 percent.
What is globalization? Well, if you ask 100 different Americans you will probably get 100 different answers. Many people view globalization as harmless or even as a good thing. Other Americans believe that the United States will never be integrated into a global economic and political system.
Sunday 30 January 2011
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