Rather they might reflect an underlying decline in provincialism, as investors gradually come to appreciate the dangers of relying excessively on home-country assets.
He believed that the federal government was not just a passive repository of good practice, but an active promoter of constitutional rights against narrow and backward provincialism.
Our natural resources and opening to the Gulf makes up a potential superpower, if we can overcome years of petty provincialism and find the political will to see the region in its entirety.
The authors conclude that policymakers may have been barking up some wrong trees, chafing at the provincialism of syndicated bank loans, for example, while missing out on how integrated private-equity financing has become.
His demand that world-class universities ignore hip hop is an odd cry for remedial provincialism: a return to a climate of academic curiosity where only a narrow range of subjects could be legitimately pursued.