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Interpersonal trust can be replaced with trust in legal frameworks, rules and contracts. Well functioning rule-based society is important for globalization.

Countries where personal relations are important for business suffer from smaller number of opportunities because forming personal trust takes time.

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Sure, contracts and rules have their place, and are necessary in the absence of trust. But they do not substitute perfectly. A no-trust world of optimized rules and contracts will be lacking in important ways from a world with trust (to say it mildly).