You see it in the growth of trade, you see it in investment, in foreign direct investment, and you're seeing it in terms of markets. This extraordinary merger between Daimler Benz and Chrysler is a perfect example of the global integration as is the advent of the European Monetary Union. In both cases, the consequence is the erosion of borders, the erosion of national governments influence over their economies, and the lessening of national identity in business. The third force is technology. Computers, the Internet and cheap communication are all of phenomenal importance in this shift.
Satellites transmit information and images immediately to and from every part of the world.
Distance is no longer a barrier to functioning markets. Well, some things I think are not reversible. Technology is not reversible. Computers are not going to get slower. I think the integration of markets is inevitably going to continue.