The Asian Tigers are not as prosperous as they might seem. Their growth in economy has been primarily based off an increase in capital investment. While this leads to short-term growth, the law of diminishing returns state as they continually invest more and more capital, they will experience less growth per unit of capital. It is only through an increase in total factor productivity that they can sustain such high levels of growth. Indeed, the 1997 Asian financial crisis occurred as the Thai baht currency collapse. This leads into another problem of globalization: foreign dependence on the global economy. The Asian financial crisis is a good example of this, but we must turn to an even greater financial crisis of the 1973 oil crisis. By imposing an embargo on oil on the U.S. and other European countries, OPEC caused huge oil prices that are still felt today and a massive rise inflation. The CERN laboratory is certainly the epitome of global cooperation towards a common goal. However, this has little place in a debate on the effects of a free trade global economy, as I defined it in the first round.