Financial Times FT.com

Global Insight: Localisation back in fashion

By Gillian Tett

Published: July 26 2009 19:38 | Last updated: July 26 2009 19:38

In some offices in the US Treasury, there are framed posters that exhort the country’s population to buy American government bonds as part of their patriotic duty.

The images date back to the 1940s when the US government was worried about how to plug the yawning funding gap created by the second world war.

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