Question

The World Trade Organization introduced a standardized shipping container. What effect did the introduction of this container have on international trade? (7 points)

Answer 1

Since standardized shipping containers were easier to move between ships, trucks, and trains, the logistical process got simplified. This started a revolution in cargo transportation and international trade.

Globalization´s level of economic integration and trade could not have been without a standardized shipping container. Outsourcing and off-shoring of big manufacturing enterprises in developing economies were only possible because of the container.