The Unbalanced Globalization

... will not supplant personal trustworthiness built by means of stable and recurring personal contacts. The functioning of dense social networks with a high level of trust appears economically more beneficial if the networks are concentrated in small territories.... ... system, first of all influence and information networks. World-Economy Photo: Wikipedia.org Barack Obama and Dmitry Medvedev. Globalization leads to more but not less personal links Trade networks have always been the most widely spread trust networks,...