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

Author

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  • Fred Curtis

    (Department of Economics, Drew University, fcurtis@drew.edu)

Abstract

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.

Suggested Citation

  • Fred Curtis, 2007. "Climate Change, Peak Oil, and Globalization: Contradictions of Natural Capital," Review of Radical Political Economics, Union for Radical Political Economics, vol. 39(3), pages 385-390, September.
    • Handle: RePEc:sae:reorpe:v:39:y:2007:i:3:p:385-390
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    File URL: http://rrp.sagepub.com/content/39/3/385.abstract
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    Cited by:

    1. Höök, Mikael & Tang, Xu, 2013. "Depletion of fossil fuels and anthropogenic climate change—A review," Energy Policy, Elsevier, vol. 52(C), pages 797-809.

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