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87 Foreign Aff. 133 (2008)
Freight Pain - The Rise and Fall of Globalization

handle is hein.journals/fora87 and id is 1091 raw text is: Freight Pain The Rise and Fall of Globalization Marc Levinson As POLITICIANS blame international trade for closed car-parts factories in Ohio, shuttered furniture plants in the Carolinas, and the arrival of deadly pet food from China, discomfort with the global economy is growing throughout the United States. A 2007 survey by the Pew Research Center found that only 59 percent of Americans polled thought that trade was good for their country-down 19 per- centage points since 2002. Yet even as Americans lament too much globalization, they are in fact on the verge of facing the opposite dilemma: too little. Two factors are driving the retreat of globalization: rising transportation costs and diminishing reliability, both of which are causing long-distance supply chains to lose appeal. Companies that provide American and European customers with goods made in Asia are rethinking their business models and seeking ways to shorten the distance between the factory floor and the store shelf. Although international trade in manufactured goods will continue to expand, its rate of growth is likely to be far lower than the double-digit average of the past four decades. The world is not so flat after all. The end of globalization's golden age will have major political and economic implications. Deindustrialization is likely to fade as a domes- tic political issue as the recent wave of factory closures in the United States yields to a tide of openings and expansions. Although automated MARC LEVINSON is an economist in New York and the author of The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger. [1331

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