Reversing globalization

Soaring oil costs will localize economies, expand transit jobs - and green earth

The Hamilton Spectator
(Jun 15, 2009)

If Jeff Rubin had a sprawling house in the suburbs, he'd sell it and move downtown.

The author of Why Your World is About to Get a Whole Lot Smaller thinks the day is not far off when soaring oil prices will mean subdivisions in suburbia will be plowed under for farm fields and the average Canadian won't be able to afford to drive a car.

Globalization will be reversed, he says, with economies becoming much smaller and more local. No more cheap televisions from Korea, no more California strawberries.

Full article here

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