THE END OF GLOBALIZATION

by Gunter Pauli

Thursday, June 30, 2011

http://www.gunterpauli.com/gunterpauli.com/Blog/Entries/2011/6/30_THE_END_OF_GLOBALIZATION.html

For decades the world economy has been on a path towards globalization. The drive to achieve ever larger economies of scale, at ever lower marginal costs pushed manufacturing to standardize, slashing expenses through outsourcing and supply chain management, limiting the number of suppliers to a few master providers eliminating all unnecessary in-house middle management, pushing for mergers and acquisitions peeling off layer after layer of excess as to deliver better returns to investors, and ever lower prices to the customer thus strengthening their purchasing power and elevate more citizens into the sought after middle class. This process of growth driven by globalization is supposed to have a trickle down effect, bringing wealth to many while more middle class members grow from rags into riches.

After observing the reality of a globalized economy, it seems that the only sustainable phenomena of globalization is poverty.

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