This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.

Personal life
Grasso is currently residing in New York with his wife Lorraine and his four children: Jennie Christine Richard and Catherine. The suit against Grasso has come under criticism from some commentators with journalist Charles Gasparino lambasting it in the epilogue to his book Blood on the Street. After the September 11 2001 terrorist attacks Grasso became the public face of the Exchange and was praised for his role in helping restart operations.

On July 1 2008 the New York State Court of Appeals dismissed all claims against Grasso. After the September 11 2001 terrorist attacks Grasso became the public face of the Exchange and was praised for his role in helping restart operations.