Last class we talked a lot about globally integrated business and about how work will gravitate toward the best-suitted and well-equipped teams and people, regardless of location. The full realization of globalization.
I'd say that I'm currently unconvinced that we're heading toward a globalized system or that full globalization is ever truly possible. But I'm open to convincing.
Our current system relies heavily on fossil fuels to support it. They fuel many of the systems and technologies that allow for connectivity around the world - the systems and technologies that a globally integrated enterprise would rely upon to function. The depletion of fossil fuels could mean the demise of globalization and GIEs, especially because no energy sources have emerged as feasible replacements for fossil fuel-based energy. Wind, solar, hydro - other energy sources are not poised to support an international economic system like fossil fuels.
As the scarcity and price of traditional energy sources continues to increase, the need to find local solutions to problems will also become necessary. Communities and nations may turn inward for many of their needs. Such an environment could require a movement back to the fully-functioning multinational in order for businesses to survive.
-Chris
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