1.   It was alleged that exchange rate changes would reflect money supply growth rate differentials and, consequently, exchange rate flexibility would insulate countries from external nominal shocks.

2.   The earthquake was a horrific reminder that prosperity and technology cannot insulate a country from its natural environment.

3.   These restrictions effectively cut Turkey off from the world, but they also insulated the country against worldwide trends like corruption.

4.   In July, the Philippines also banned imports of meat and bone meal from all countries in a move to further insulate the country from mad cow disease.

5.   Officials recently have been crediting their cautious approach in dealing with the Asian economic crisis with partially insulating the country from the fallout and avoiding instability.