Globalization

Posted on 9, Aug | Posted by

Hot, Flat, and Crowded by Thomas Friedman

Hot, Flat, and Crowded

Thomas Friedman, the recipient of three Pulitzer Prizes and a regular contributor to the New York Times, has recently published multiple articles on the topic of the economic ramifications of climate change for magazines like the Foreign Policy. Known largely for his work on economic globalization of the world (see his book The World is Flat) , in his recently published book, Hot, Flat and Crowded, Friedman analyzes the economic opportunities that can arise from the issue of climate change when government leaders and innovative firms work together.

In the book, Friedman emphasizes that global warming; rapidly growing populations and the expansion of the global middle class have produced a new global reality that he coins as “hot, flat and crowded”. Friedman propagates that both the solution to these environmental issues and the regeneration of the American economy are inherently linked: the adoption of a strategy for clean energy and energy efficiency by the United States. He highlights that in past decades much of the development seen has been around the ITindustry; and in the next decade the most powerful economic driver is the emerging environmental technologies (ET).

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Posted on 9, Jul | Posted by

Why Your World is About to Get a Whole Lot Smaller: Oil and the End of Globalization by Jeff Rubin

It’s a Small World After All

Why Your World Is About To Get A Whole Lot Smaller

It seems strange to talk about soaring oil prices with the bottom dropping out of the market, but that’s the starting point for Jeff Rubin’s new book Why Your World is About to Get a Whole Lot Smaller: Oil and the End of Globalization.  Rubin is the former Chief Economist for CIBC, Canada’s 5th largest bank, and – depending who you ask – it was this controversial book that was linked to his jumping (or being pushed) from that plum post.  Rubin suggests that while oil may be cheap now, that’s because we’re in a recession – when the recovery takes hold, process will soar, possibly past the previous peak of $147 a barrel.  That sounds like boom times for energy producing regions again, but Rubin also points to other local economic impacts. What happens when shipping cheaply produced goods from China becomes cost prohibitive?  Local manufacturing goes through a renaissance.  What happens when it’s no longer affordable to truck our food thousands of miles from farm to table?

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