Alex Steffens at World Changing thinks so, expanding on a NY Times article. The rising price of oil, possibility of supply chain reduction, the coming tax of levy on carbon, and the collapse of the Doha trade talks are all helping the rein in the excesses of globalization. And that’s probably a good thing.
One point is probably worth making in conclusion: because communications technologies are (comparatively speaking) dematerialized, a reversal in material trade patterns almost certainly would not also mean a reversal in intellectual trade patterns — rising oil prices or climate change won’t shut down the web or stop Bollywood from making movies or prevent innovators from licensing their ideas in other countries. In fact, it might be that expertise, innovation and culture will flow more freely in a world where goods flow more slowly. We might actually grow more interconnected in a world where supply chains shrank.