Pull! Push! News, current events and observations concerning Life, Barbados and the World.

Monday, June 2, 2008

Article: 'Will Soaring Transport Costs Reverse Globalization?'

A snippet from the article...

"Globalization is reversible. Higher energy prices are impacting transport costs at an unprecedented rate. So much so, that the cost of moving goods, not the cost of tariffs, is the largest barrier to global trade today. In fact, in tariff-equivalent terms, the explosion in global transport costs has effectively offset all the trade liberalization efforts of the last three decades. Not only does this suggest a major slowdown in the growth of world trade, but also a fundamental realignment in trade patterns."

Sources:

Will Soaring Transport Costs Reverse Globalization? (CIBC World Markets)

Labels: business, China, economics, life, news, oil, U.S., World

2:53 PM

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: Name: Amit Uttamchandani; Location: Barbados

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