Embracing today's global economy.(Economics)

USA Today (Magazine) | September 1, 2005| | Copyright

CENTURIES AGO, a group of Peruvian Indians were looking out from the ocean shoreline. Something appeared far away that they did not recognize. Seeing the sails of Spanish invaders on the horizon, they talked about it and, lacking a better answer, explained what they saw as a freak of nature and went on about their business. Their limited life experience did not include sailing ships. So, they screened out what they failed to understand--and let disaster in.

As we see the sails of the global economy on the horizon, will we screen out what we do not understand (or ...

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