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Article: New Economy, Old Politics.(Brief Article)
- Article from:
- Foreign Policy
- Article date:
- January 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Carnegie Endowment for International Peace. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Why libertarian dot-coms must learn to love multilateral organizations
Eighty years ago, Standard Oil of New Jersey went overseas in search of crude oil. In the late 1990s, America Online went around the world in search of subscribers. In 1899, the United Fruit Company needed to be in Central America because of that region's advantages in the cultivation of bananas. Nowadays, Yahoo needs to be everywhere because the more visitors it attracts, the higher its stock price.
While the rules and technologies of the new economy may have altered some of the modalities of international business, the key motives pushing companies abroad remain unchanged. ...