Monday, June 9, 2008

Will Oil Costs Trump Globalization?

News bit from Fairplay

Daily News
06 Jun 2008

SHIPPING has profited mightily from the globalisation of manufacturing, but a new study warns that escalating transport costs could sharply reverse the trend.
According to CIBC World Markets: “In a world of triple-digit oil prices, soaring transport costs, not tariff barriers, pose the greatest challenge to trade.”

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