Tuesday, November 21, 2006

Trade and Peace

Don Boudreaux over at Cafe Hayek has an interesting post referring to a commentary he did for Christian Science Monitor. He cites some recent research that indicates that trading countries are less likely to develop into warring countries. I found this an interesting parallel to Thomas Friedman's idea in The World is Flat that countries with McDonald's have not gone to war against each other. Friedman's explanation is that the investment flows from outside have a way of exerting pressures to reduce geopolitical risk. Put simply, markets don't like risk. I found the comments at Boudreaux's post interesting, as well.

What are your thoughts?

Posted by TSchilling at 4:19 PM Comments (0)

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