Climate Change, Peak Oil, and Globalization: Contradictions of Natural Capital

This article argues that economic globalization may be undermined by predicted impacts of global warming and peak oil (depletion). They are projected to cause significant damage to transportation infrastructure and increase transportation costs. They may also increase business risk, food prices, and general prices. As a result, the long distance exploitation of cheap labor may lose much of its economic profitability in coming decades, and supply chains may contract to regional and local lengths.

Published in: Review of Radical Political Economics, Volume 39, Issue 3, Pages 385-390
Available from: Sage Journals Online