The cost of shipping a 40-foot container from Shanghai to the United States has risen to $8,000, compared with $3,000 early in the decade, according to a recent study of transportation costs. Big container ships, the pack mules of the 21st-century economy, have shaved their top speed by nearly 20 percent to save on fuel costs, substantially slowing shipping times.
Contents contributed and discussions participated by Gene Ellis
Shipping Costs Start to Crimp Globalization - NYTimes.com - 0 views
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Jeffrey E. Garten, the author of “World View: Global Strategies for the New Economy” and a former dean of the Yale School of Management, said that companies “cannot take a risk that the just-in-time system won’t function, because the whole global trading system is based on that notion.” As a result, he said, “they are going to have to have redundancies in the supply chain, like more warehousing and multiple sources of supply and even production.”
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In a more regionalized trading world, economists say, China would probably end up buying more of the iron ore it needs from Australia and less from Brazil, and farming out an even greater proportion of its manufacturing work to places like Vietnam and Thailand.
China - Trucks - Transportation - Pollution - New York Times - 0 views
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Trucks here burn diesel fuel contaminated with more than 130 times the pollution-causing sulfur that the United States allows in most diesel.
China - Three Gorges Dam - Impact - New York Times - 0 views
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Just last year, China added 102 gigawatts of generating capacity, as much as the entire capacity of France.
Euro Marriage in Peril - NYTimes.com - 0 views
World - Slide Show - China's Investment in Africa Comes With a Price - 0 views
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Migrant Money Flow: A $300 Billion Current - New York Times - 0 views
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Study Says Tapping of Granite Could Unleash Energy Source - New York Times - 0 views
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There are successful plants harvesting heat from deep hot rock in Australia, Europe and Japan,
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The generating capacity by 2050 could be 100 billion watts, about 10 percent of the country’s current generating capacity
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Gene Ellis
Semi-retired econ professor. Prev: Mt. St. Vincent U., Halifax, Canada; Notre Dame U; U. of Denver; EERC MA Program, U Kiev Mohyla Academy, Ukraine. Fulbright: U. of Tunis. Pew: Harvard U. Visiting: Tuebingen University, Shenyang U, China, U. of Vienna, Wiener Neustadt FH, Austria.