National economies are today more connected than ever with nations focusing on their comparative advantages and a global economy has been created but, because of this, world economies are become increasingly interdependent and volatile. Oil is the backbone of the global economy, but it is a rapidly depleting resource and eventually government protection of oil resources will lead to the collapse of global trade. Globalization causes negative effects on world economies, with increased interdependence leading to problems such as contagion. Governments are increasingly involved in regulating their own economies, and protecting their own economies will harm globalization. Government involvement in the economy makes globalization unsustainable. The most critical argument against globalization is certainly the fact that our world's oil resources are rapidly and irreversibly running out. Oil is an integral part of globalization as it is the international transportation fuel and international transportation is the key to globalization. Globalization is essentially the exchange of resources between global economies, so it is inevitable that globalization will cease to exist if countries cannot afford to exchange their resources. For example, the reason many North American goods are produced in countries like China is because developing countries have a human resource advantage. Chinese companies can pay their workers a fraction of what they pay North American workers to produce the same goods, thus leading to lower prices for North American companies when purchasing goods. Global trade in goods is based on the fact that importers receive lower prices than they would pay at home, but the lowest price of... half of the paper... EU University, 1995. Web. 13 December 2013 Prasad, Eswar S., et al. “Effects of Financial Globalization on Developing Countries: Some Empirical Evidence.” The National Bureau of Economic Research. National Bureau of Economic Research, 2003. Web. December 10, 2013. Radelet, Steven, and Jeffrey D. Sachs. “Currency crises”. The National Bureau of Economic Research. National Bureau of Economic Research, January 2000. Web. December 10, 2013. Rubin, Jeff. Why Your World Is About to Get Much Smaller Toronto: Vintage Canada, 2010. Print.Shangquan, Gao. “Economic Globalization: Trends, Risks and Risk Prevention.” Development. United Nations, 2001. Web. 10 December. 2013. .