Today everything is connected, thanks to things such as the internet, mobile phones and other telecommunication devises, you can call someone in Botswana from almost anywhere in the world. Someone in Paraguay can keep in touch with their friend who lives in Germany through the internet, and a student living abroad can stay updated on what their friends and family are doing back home.
Money can also be traded around the world, quickly and easily. This connection allows an investor in Sweden to invest in Indian industry. In this way each country has an effect on the World Economy. Though usually this strengthens countries through increased investment it can also cause problems when something goes wrong…
One obvious example of this is the global financial crisis. This didn’t just effect one country but everyone. All across the world people lost money and spent less. To a lesser extent even as I write Oil prices are high because of the revolt in Libya. Stock markets around the world are also being effected by the aftermath of the Japanese earthquake.
So while ultra- fast long distance communication may be a good thing most of the time we must be careful or one day, if it all collapses everything might collapse with it. The web is entangling us, are we already trapped in it?
Finding a safe place to bury my money,
Thanks for reading,
Dan
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