International Alliance for Localization: Local Futures

Posted Posted in Banks, Economics, Export-led growth, Food, Globalisation, Import substitution, Local economies, Localisation, Low carbon, Procurement, Sustainability, Trade, Transition

In the Times, Ed Conway, economics editor of Sky News, describes problems arising from the complexity of globalisation, ‘the hallmark of 21st-century life’ and the International Alliance for Localization records examples of new modes of development and progress. He concludes: “Globalisation, once a means of boosting everyone’s income, has instead evolved into an excellent vehicle to help the rich get richer”. […]

General Electric says: “We will localise”

Posted Posted in Economy, Export-led growth, Globalisation, Import substitution, Local economies, Localisation, Reports, Transition

  Last year came three reports on the downturn in global trade: From the container industry: Søren Skou, chief executive of the Maersk Line, which carries goods and products between Asia, Europe, the US, Africa and Latin America and is now described as the only profitable freight line. In a report from the Centre for Economic Policy Research: theslowdown in […]

Local development as a strategic alternative in Fife

Posted Posted in Devolution, Economics, Economy, Energy, Environment, Export-led growth, Food, Globalisation, Government, Health, Import substitution, Local economies, Localisation, Low carbon, Planning, Politics, Procurement, Regional economies, Retail, Sustainability, Transition, Transition Network

Once again many will question the dependence on a global market economy as headlines shout, “China’s ‘Black Monday’ sends markets reeling”. For months, in a range of publications, Mohamed El-Erian, who chairs President Obama’s Global Development Council, has been forecasting the risk of a ‘perfect storm’, adding that considering ‘its destructive potential, it warrants serious attention by policymakers’, though China […]

Globalisation – the open trading system – is fragmenting

Posted Posted in Economics, Economy, Employment, Environment, Export-led growth, Finance, Globalisation, Green Deal, Green New Deal, Import substitution, Local economies, Localisation, Low carbon, Planning, Politics, Poverty, Procurement, Regional economies, Renewable energy, Sustainability, Trade, Transition

Philip Stephens, an associate editor, in the Financial Times: “Globalisation – the open trading system – is fragmenting; it needs an enforcer – a hegemon, a concert of powers or global governance arrangements”. Evidence: the collapse of the Doha, the demise of global free-trade agreements, and the emergence of regional coalitions and deals. The emerging economies are building south-south relationships […]

A message from Delhi about growth blindness: a manufactured disease

Posted Posted in Economics, EU, Export-led growth, Finance, Food, Globalisation, Government, Local economies, Planning, Transition Network

An economic system created by and for moneyed interests: Analyst Devinder Sharma writes about universities, educational institutes and business schools which are churning out graduates and postgraduates who are made to believe in the magic potion of growth. Newspapers are full of reports and quotes about growth. Finance ministers everywhere in the world swear by economic growth. TV anchors, most […]

Relocalisation: an under reported issue in the French elections

Posted Posted in Books and articles, Economics, Economy, Employment, Environment, EU, Export-led growth, Finance, Globalisation, Import substitution, Local economies, Localisation, Planning, Procurement, Regional economies, Tax, Trade, Transition

  In the French election, left wing socialist Jean-Luc Melenchon has stressed the need to relocalise Europe’s economy and to do so by limiting imports. This has brought Melenchon increased votes in a country where 70% of the population favour some form of protection for domestic production from cheaper, lower waged competitors. This French election trend prompts a call for […]

Would you sign this Charter if the NFU and government rethink their GMO and food export drives?

Posted 4 CommentsPosted in Economy, Environment, EU, Export-led growth, Food, Globalisation, Government, Import substitution, Planning, Politics, Procurement, Transition, Transport

. The National Farmers Union is urging the public to sign its charter and help to turn around a decline in self-sufficiency from 1991, when the country produced 75% of its own food, to the current production of 62%. It states that today, August 14, is the day British food supplies would run out if everything produced in a year […]

Face-to-face caring and infrastructural renewal will provide the backbone for a labour-intensive future

Posted Posted in Books and articles, Economics, Economy, Employment, EU, Export-led growth, Finance, Green New Deal, Housing, Import substitution, Local economies, Trade, Transition, Transport

A Guardian article by LWM’s co-founder and convenor of the Green New Deal Group, Colin Hines, is summarised here. The neoliberal export-led growth model, the increasingly discredited single currency and the utterly unchallenged single market are wrecking Europe which is facing a real nightmare: a shrinking full-time job market and hence lack of demand to keep the economy soldiering on. […]

Achieving food security by relocalisation and building up the resilience of our agricultural resources – three voices

Posted Posted in Economy, Energy, Environment, Export-led growth, Food, Import substitution, Local economies, Localisation, Politics, Regional economies, Transition, Water

At a meeting of Hadlow College’s Rural Focus Group, their Sustainability Champion, Dr Howard Lee, noted that DEFRA is committed to food security in principle but not to food self-sufficiency. The strategic contradiction is that succeeding governments have preferred to promote the export of agricultural and horticultural commodities. Coventry University’s Dr Julia Wright recommends building up the resilience of our […]

Some countries are weaning themselves off their export dependence – should we?

Posted Posted in Economics, Economy, Export-led growth, Finance, Globalisation, Import substitution, Politics, Transition

LWM’s co-founder Colin Hines writes, “The old idea was that we can compete in export markets to strengthen our economy. That increasingly looks like clutching at straws”. Barriers to destructive flows of capital In developing countries barriers to destructive flows of capital are being erected. Brazil, Argentina and Costa Rica have used various measures, including Brazil’s insistence that short-term investors […]