Globalisation in reverse

The Icelandic Fisheries Minister was at a conference and asked his collegue from Switzerland why they had a fisheries minister since they had no ocean surrounding the country.

The Swiss replied, “Why do you have a finance minister?”

——————————————–

“Bankrupt Iceland is taking “jingle mail” to a new level. Rather than post keys through the letterbox and leave an over-mortgaged home, a third of Icelanders say they want to leave their over-mortgaged country.
This is globalisation in reverse: when international capital departs a country, labour wants to go with it.”

From the Financial Times

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1 Response to “Globalisation in reverse”


  1. 1 Roy November 21, 2008 at 7:02 pm

    An excellent read from the author of “Liar’s Poker”. Take the time, you’ll learn!

    http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?print=true


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