“The story begins 25 years ago, in 1989. That was the pivotal year for the most dramatic peaceful transformation of modern history. The transition to market-based economies created massive opportunities for investors. We saw a huge increase in cross-border trade and foreign direct investment. Almost simultaneously, the emergence of the digital revolution brought a decrease in international transaction costs. The Asian tigers and the BRIC countries — Brazil, Russia, India, and China — grew exponentially. In this environment, the mere thought of regional conflict seemed absurd. And anyone talking about global conflict would inevitably be invited to check in to the nearest insane asylum.”
http://www.moneyandmarkets.com/new-drums-of-war-61239