tag:blogger.com,1999:blog-19649274.post8631362155529740876..comments2024-03-27T17:16:12.789+05:30Comments on The Leap Blog: Globalisation and the nation stateAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19649274.post-60619511020749946962008-06-07T17:47:00.000+05:302008-06-07T17:47:00.000+05:30Hi Sir,In case you haven't, maybe you'd like to re...Hi Sir,<BR/><BR/>In case you haven't, maybe you'd like to read the article (link to which i've pasted below).<BR/><BR/>It talks on the huge impact rising crude prices can have on global trade, which so far seem to have been driven by labour arbitrage btwn the developed and the developing world.<BR/><BR/>The note claims that a USD 150 per barrel cost of crude oil is equivalent of a 15% import duty (in terms of higher transportation costs). <BR/><BR/>yaleglobal.yale.edu/about/pdfs/oil.pdf<BR/><BR/>Regards.Ravi Purohithttps://www.blogger.com/profile/17616076999283569192noreply@blogger.com