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Hot Issue: Import/export

8/5/08
Rising Fuel Prices Put Crimp in Global Trade

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The current rule of thumb is that companies look overseas for cheap labor to produce goods that, even after shipping halfway around the world, cost less than if they were made at home. That approach may be in the process of changing as rising transportation costs are making the global economic model less attractive, according to a New York Times report. Do you see factors such as fuel costs, environmental concerns, rising production costs in developing nations, etc. causing a slow down or a reversal in the globalization trend?

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