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CIAO DATE: 07/02
Globalization in the Aftermath: Target, Casualty, Callous Bystander?
Lael Brainard
November 2001
Abstract
No sooner had Americans digested the horror of September 11 than voices on both sides of the debate began making the connection to globalization. Advocates argued that the attacks were directed at globalization, or, if not the target, globalization was the chief casualty. Others bemoaned an even more troubling possibility: globalization would callously continue its crusade unmoved by the events of September 11.
What-if any-is the connection between September 11 and the phenomenon of globalization? Perhaps the unstated question lurking at the back of our minds is whether September 11 will cast the past decade in a wholly new light-as a unique period, even an interwar period-belying our earlier assumption that it foreshadowed the shape of the new century.
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