Articles > Reference > News Wires, White Papers, and Books > The Hindustan Times news wires > April-June 2008 > Thursday, May 29

Article: Globalisation in reverse gear as oil prices soar: Canadian report

Article from:
The Hindustan Times
Article date:
May 29, 2008
Copyright

Report from Indo-Asian News Service brought to you by HT Syndication.

Toronto, May 29 -- Trade liberalisation and technology may have flattened the world, but rising transport prices will once again make it rounder, says a report by a major Canadian bank.

In its study - "Will Soaring Transport Costs Reverse Globalization?", the Canadian Imperial Bank of Commerce (CIBC) says soaring oil prices are driving transport costs to such levels that businesses will be forced to seek supplies locally, rather than importing at huge costs from China and India.

"Globalization is reversible. Higher energy prices are impacting transport costs at an unprecedented rate. So much so, that the cost of moving ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: FED: High oil prices mean transport ...
AAP General News (Australia);  April 15, 2000 ;     257 words ... ... Australia) 04-15-2000 FED: High oil prices mean transport costs unlikely to fall Deputy Prime Minister John Anderson says higher world crude oil prices will mean that transport costs are unlikely to fall after the introduction ...

Article: Lower transport costs a key factor
New Straits Times;  May 26, 2009 ;     372 words ... ... 26-2009 Lower transport costs a key factor Byline ... fact that crude oil prices have dropped substantially ... if we had lower transport costs. The lower oil prices will help companies ... help to reduce transport costs. Having a two ...

Article: Winter sales in Greece offset increase in oil ...
AP Worldstream;  February 9, 2006 ;     303 words ... ... market expectations. Heating oil prices were 42.6 percent higher ... costs and a rise in heating oil prices. Public transport costs were up 4.8 percent on the ... 3.3 percent, "assuming oil prices stay at current levels ...

Article: European finance ministers consider potential threat from rising ...
AP Worldstream;  April 12, 2002 ;     538 words ... ... Friday to assess what rising oil prices could mean for Europe's economic ... inflation threats. Higher oil prices push up transport costs and also depress the euro against ... planned. If the recent rise in oil prices, which was significant, persists ...

Article: European finance ministers say strong U.S. economic recovery ...
AP Worldstream;  April 12, 2002 ;     691 words ... ... the with the present range of oil prices, ... the effects are very ... not to raise rates. Higher oil prices push up transport costs and also depress the euro against ... planned. If the recent rise in oil prices, which was significant, persists ...

Article: OIL PRICES, TANKER RATES RISE WITH POSSIBLE U.S. ...
AsiaPulse News;  January 9, 2003 ;     700+ words ... ... marketplace is conspicuous as shown by rising crude oil prices and oil transport costs. And with oil supply concerns about Venezuela ... increase from the year-earlier period. Indeed, oil prices are at their highest level in about two years ...

Article: Rising oil prices crush cost hopes
Supply Management;  May 27, 2004 ;     402 words ...TRANSPORT Procurement bosses hoping to drive down transport costs are in for a rough ride after oil prices reached their highest level for 13 years. The Freight Transport Association warned that the volatility in the global oil market ...

Article: Strong Won, High Oil Prices Threaten Economy.
Korea Times (Seoul, Korea);  February 16, 2000 ;     510 words ... ... the won and rising transport costs will make exports impossible ... planning to jack up transport costs along the U.S. routes ... reality is that our transport costs are lower than those in Hong Kong or Japan and oil prices are about 30 percent ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives