freediver wrote on Jun 19
th, 2010 at 9:34pm:
Quote:In fact, it is absolutely inevitable that Globalisation will fail
Why? Perhaps you should start a new thread on this one.
The basics reasoning is already in the bowels of the thread on The Future, in the post -
What is the Motor of the World and why is it stopping?
In short, it is now & has been for say 15-20 years, economically cheaper to outsource all sorts of MANUFACTURING & SERVICES, to parts of the planet, where labour could be sourced at a much lower rate.
However, particularly in the manufacturing area, this situation will end & be reversed, as Energy (Oil) becomes more expensive and eventually less of it is available.
As this new paradigm evolves, the lower labour rates will be offset by higher Energy costs/availability problems and as that situation reverses, manufacturing & agriculture will become more local & less Globalised, as that will become more economical.
Save some out of left field Innovation, on a New Energy source, we will steadily revert to local economies!