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globalization

The Cost of Fuel is Changing Globalization

The New York Times has a good article on how the rise of fuel prices is changing globalization. The cost of shipping a 40-foot container from Shanghai to the United States has risen to $8,000, compared with $3,000 early in the decade, according to a recent study of transportation costs. Big container ships, the pack [...]

Shipping costs crimping globalization

The New York Times has a good article about how shipping costs are changing production patterns.  I think the article misses the point that this could mean that many of the goods that we take for granted as being cheap are going to cost us more and more over time.  It isn’t just the shipping [...]