Juliet Schor believes the national/international model looks more efficient than it is because it’s not paying its true costs in terms of carbon pollution, and the unemployment it leads to at home.
Localizing will reduce unemployment by creating more demand locally, and that in turn leads to more fairness/less inequality. New high tech small scale technology makes local production more efficient than in the past.
That’s one key to why local economies are now a viable alternative to the giant corporations and globalized structures. Their resilience in the face of uncertainties such as disasters and financial panics is another.