What Is Economic Localization?
Economic localization is the process by which a region, county, city, or even neighborhood frees itself from an unhealthy dependence on the global economy and looks inward to produce a significant portion of the goods, services, food, and energy it consumes from its local endowment of financial, natural, and human capital. Economic localization brings production of goods and services closer to their point of consumption, reducing the need to rely on long supply chains and distant markets so that communities and regions can, for the most part, provision themselves. While it is certainly not possible to produce every kind of good and service locally, economic localization seeks to restore an efficient balance between local production and imports that fully accounts for the social and environmental costs neglected by free trade agreements. Why Economic Localization Should Be a Matter of Public Policy Economic localization offers the Bay Area a tremendous opportunity to disengage from the
