Source: NPR’s On Point
By Tom Ashbrook
Going “Glocal.” We’ll look at local economies stepping up in an era of globalization.
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.
Zachary Karabell, economist and president of River Twice Research.
Listen to this episode of On Point: