Book Review : WHY YOUR WORLD IS ABOUT TO GET A WHOLE LOT SMALLER

July 03, 2018
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"We are in the world of triple-digit oil prices for foreseeable future"


Genre- Journal
Author- Jeff Rubin
Pages -265
Related Books The Carbon Bubble, The end of growth, The big flat line.


Economist Jeff Rubin explained how oil is the prime factor for running the global economy. Every price tag you see, oil has made its mark. Due to cheap oil globalization attained such a celebrating status. 
The book is full of statistics on how oil fluctuations impacted countries in the past.
The author argues that as the price will go on increasing, as we are seeing for a couple of decades, the era of de-globalization will begin. Because without cheap oil, globalization will not run.

Our society will see a drastic change in living. Food, clothing, and other consumables will not be flown halfway of the earth to us. Business outsourcing, manufacturing will return back to their origin countries. We won't be able to afford it. We will be consuming more local made products, travel distance will reduce.

The conclusion comes out to brace ourselves for changes in lifestyle as our world is about to get a whole lot smaller.























4 comments:

  1. I eagerly want to read this book after this review

    ReplyDelete
  2. So are you saying that author has quoted that increasing oil prices is triggering de globalisation.
    Could you please quote this ine with an illustration?

    ReplyDelete
    Replies
    1. yaah sure,
      suppose your country exports fish to mine. Today price of your 1 tonne fish is say rupees 20 lakhs, adding transportation charges. As supply of oil reduce, the transportation cost will rise to rupees 30 lakhs for same volume. I will stop purchasing fish from you,so will the rest of your customers. Causing De-globalization

      Delete
  3. Interesting, but that does not take into account a whole strong drive towards renewable energy that is expected to substitute, if not replace the conventional fuels like oil and gas. It is quite likely that nations will switch to alternate energy sources for transportation before de-globalisation concept starts gaining any ground in reality.

    ReplyDelete

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