{"id":195007,"date":"2008-08-03T23:04:00","date_gmt":"2008-08-04T04:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/03\/and-in-the-department-of-the-blatantly-obvious\/"},"modified":"2008-08-03T23:04:00","modified_gmt":"2008-08-04T04:04:00","slug":"and-in-the-department-of-the-blatantly-obvious","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/03\/and-in-the-department-of-the-blatantly-obvious\/","title":{"rendered":"And in the Department of the Blatantly Obvious"},"content":{"rendered":"<p>The <span style=\"font-style:italic;\">New York Times<\/span> is noting that <a href=\"http:\/\/www.nytimes.com\/2008\/08\/03\/business\/worldbusiness\/03global.html?bl&amp;ex=1217908800&amp;en=8cf38e35a8549324&amp;ei=5087%0A\">increases in shipping costs are pushing against globalization<\/a>.<\/p>\n<p>This really is no surprise.  You saw a decrease in overseas trade between the US and Europe in the 1920s because production costs fell, but transportation costs remained relatively static.  Krugman notes this <a href=\"http:\/\/krugman.blogs.nytimes.com\/2008\/06\/05\/transport-costs-and-deglobalization\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times is noting that increases in shipping costs are pushing against globalization. This really is no surprise. You saw a decrease in overseas trade between the US and Europe in the 1920s because production costs fell, but transportation costs remained relatively static. Krugman notes this here.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1135,1016,1035],"tags":[],"class_list":["post-195007","post","type-post","status-publish","format-standard","hentry","category-energy","category-international-commerce","category-transportation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195007"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195007"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195007\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}