The New ‘Glocal’ Economy

The New ‘Glocal’ Economy

Source: NPR’s On Point

By Tom Ashbrook

Read the original article here

Going “Glocal.” We’ll look at local economies stepping up in an era of globalization.

glocal

Worker Jose David, of Revere, Mass., left, trims the sole of a shoe during the assembly process at the New Balance Athletic Shoe, Inc. factory in Boston, Tuesday, May 1, 2012. (AP)

For a long, long stretch, globalization has felt like a one-way street. The world was flat, we were told, and American jobs were rolling abroad.

Well, there’s a little more friction in the system these days. Building everything on the far side of China doesn’t always sound like such a great idea. Within the great global arena, more people and companies are thinking local again. That could mean protectionism and shrinkage. It could mean a blossoming of local talent and jobs.

This hour, On Point: look homeward, angel. We’re looking local in the global economy.

Guests

Rana Foroohar, assistant managing editor in charge of economics and business for TIME.  Her big piece on “glocalization” is headlined: “The Economy’s New Rules: Go Glocal.”

Zachary Karabell, economist and president of River Twice Research.

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