Decline of Globalisation and Free Trade

Globalisation and free trade are on the way out for four reasons:

  1. Transportation costs are rising. Between 2007 and 2008 the price of shipping a container from China to New York jumped from $3000 to $8000 USD.
  2. Environmentally, globalisation creates too much greenhouse gas to ship goods all over the planet.
  3. All that shipping spreads diseases and invasive species.
  4. All that shipping makes smuggling for terrorism duck simple.
~ Roedy (1948-02-04 age:70)