Academic journal article Monthly Labor Review

The October Review

Academic journal article Monthly Labor Review

The October Review

Article excerpt

The impact of globalization in several of its manifestations-mainly economic, political, and cultural-continues to receive a great (teal of attention. The interconnectedness of the world's economies, a recurring theme in the journalism, research, and policymaking communities, underlies, to some extent, the subjects of the three articles in this months Review.

Carol Rowan and Sonya Wahi-Miller find that prices paid for imports into the United States rose in 2006 for the fifth consecutive year, influenced once again by increasing energy, prices. Geopolitical instability and supply concerns drove energy prices higher for the first 8 months of the year, before they, receded. Import prices for industrial metals and for iron and steel remained high in 2006, due in part to strong international demand. the weakening of the U.S. dollar in relation to the Euro and other European currencies had an impact on import prices for capital and consumer goods. Prices of U.S. exports had their largest rise in nearly two decades, led by increases in corn and soybean prices.

The Midwest region of the United States has long been a center for an industry, with a global reach, both productively and symbolically: the manufacture of automobiles. …

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