Although the absence of obvious imbalances or financial strains does not eliminate the risk of recession in America, it does militateagainst a long, deep downturn.
Where governments reflect the preferences and beliefs of most citizens, democratically or otherwise, and where those preferences call for cultural distinctness and non-western values, economic integration does not militateagainst diversity, least of all against religious diversity.
The cultural arguments for avoiding diversification militateagainst getting into totally alien markets like retailing or real estate, but how much difference is there really between building planes and ships for the government and building them for a big company like Maersk?