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Essay

Transportation Costs and International Trade Over Time

Essay specific features

 

Issue:

Business

 

Written by:

Kenneth F

 

Date added:

July 6, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

37 / 10141

 

Was viewed:

1167 times

 

Rating of current essay:

 
Essay content:

This paper brings to bear an eclectic mix of data in order to provide a detailed accounting of the time-series pattern of shipping costs. The ad-valorem impact of ocean shipping costs is not much lower today than in the 1950s, with technological advances largely trumped by adverse cost shocks. In contrast, air shipping costs have dropped an order of magnitude, and airborne trade has grown rapidly as a result...
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In contrast, air shipping costs have dropped an order of magnitude, and airborne trade has grown rapidly as a result. As a result, international trade has also experienced a significant rise in speed. 2 Over the past five decades, world trade grew very rapidly. From 1950-2004, world trade grew at an average rate of 5...
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General issues of this essay:
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