The Pros And Cons Of Containerization

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In recent decades, we have seen a large movement in manufacturing goods; corporations have moved from First World countries to Third world countries. This economic trend is called globalization: “the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture” (Globalization 101). This event was caused by the obligation that companies have to their shareholders to increase profits. Globalization has been nourished along with advancement in shipping and communication.This has a dramatic effect on the world economy, it has made most wealthier than they were previously. The method of containerization has made life better for society. The average consumer has products that are …show more content…

It had very humble roots. Globalization started when the Mongol Emperor Kublai Khan, the grandson of the barbaric Genghis Khan created “Peace.” He had done this the only way he knew how to create peace through destruction and devastation just like his grandfather before him. Kublai Khan made the Silk Road safer which meant that the “east” could trade with the “west” (The Silk Road). Most trades were done through very harsh conditions since the merchants traveled mostly on camelback. This was the limiting factor in the quantity and size of containers that could be traded back then. The trades were very slow; nevertheless human beings were trading goods with each other. These makeshift “routes” were no more than stops from oasis to oasis through the Hindu Kush and Gobi deserts. This was called the Silk Road, though silk was not the only trade; many other commodities such as gold, ivory, spices and other goods desired by the people of that time were also traded (The Silk Road). Today humans do not have to go through the same troubles as the people went through traveling on the Silk Road ( In the Post-Industrial age, commerce was exchanged easier due to …show more content…

This is a country bent on dominating the world with its economic prowess. The People’s Republic of China is the fourth largest country in the world; it is so large, in fact, that it was once considered the center of the universe global market. It borders an overwhelming sixteen countries compared to the United States of America’s two. It is the largest economy in the world, as stated by the Central Intelligence Agency (CIA) in The World Factbook. China is a communist country with a tendency to act as a capitalist society. It is the largest exporter of goods in the world market. When China opened up its economic border to the world in 1978, it was comparable to a third world country; now it 's a financial powerhouse that has surpassed the United States of America in 2014. China’s GDP grew two trillion dollars over the past two years. The country had a gross national savings of 49.5 percent. That gross national saving comes from all businesses, governments, and individuals ' savings; China is not the only country that has benefited from globalization. The United States of America has

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