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The true costs of globalization

Monday, 26 November 2007 08:23 Last Updated on Monday, 26 November 2007 08:23 Written by Eric Garland 0 Comments

In the United States, we have become inured to foreign manufacturers producing most everything we use. Cars, eletronics, steel, toys – there are few products we expect to be made in the U.S. anymore. Even with the price of energy what it is, we accept that its likely cheaper to produce goods overseas and drag them to America in a giant container ship. Apparently New York City has even taken to making manhole covers in India for use on Manhattan streets.

Yeah, well guess how those manhole covers are produced so cheaply.

26manholexlarge1_2

How do they get it so cheap? Ah yes, their workers pour hot iron BAREFOOT. Getting rid of those pesky worker protections sure will help bring cost down.

Here’s a prediction – when the world goes to China for the Olympics in 2008, it’s going to be more evident how many of our consumer goods are being produced. And it won’t all be pretty, not even close. This is going to lead to a new renaissance in thinking about producing products locally.

Is this what globalization demands so we can make manhole covers cheaper?

-Garland
 

This entry was posted on Monday, November 26th, 2007 at 8:23 am and is filed under Sustainability. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.


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