When at the Morgan Hill, CA Library, I normally scan the new books section looking for something interesting. The last time I did this, I discovered The World in 2050: Four Forces Shaping Civilization’s Northern Future a look at the future by Laurence C. Smith, Professor of Geography at UCLA. It is an easy [...]
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Will countries react to the financial crisis with crippling “reverse globalization,” throwing the entire world economy off balance? Or are we instead locked into globalization and headed for a new “Dark Age?” [...] John Robb Globalization will destroy incomes for the vast majority in the developed world, guaranteed. We’ve been at a plateau for the last thirty years (the average person in the US makes slightly less than he did in 1973). A descent to global norms for similarly skilled/trained labor is inevitable. Work is now globally fungible. [...] China recently lifted their subsidies on fuel prices because it can no longer afford them and because it will force their businesses to become more fuel efficient. Globalization – and this includes out-sourcing manufacturing to China – is highly dependent on cheap oil. But those days are gone. One immediate reversal is already happening. Furniture [...] In The World is Flat, Thomas L. Friedman discusses how in our flattening, globalized world, determining just who is getting exploited isn’t always that simple. Consider this. The state of Indiana contracted with an outsourcing firm in India to create a better, more streamlined unemployment claims processing system for them. The firm in India [...] |  | ||||
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