Containerisation I A Level and IB Economics

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=QULZEiuxinc

In this short topic video we look at the scale of containerisation in the world economy and the significance of containerisation for global trade in goods. • Containerisation is a system of freight transport for use in sea shipping that has reduced the transport costs of moving thousands of different goods across the globe. • Containers have standardised dimensions. Containerisation has been a catalyst for globalisation. A container can be handled anywhere in the world and ships, port equipment etc. adjusts to handling them with optimum efficiency and with big economies of scale • Manufacturers can optimise their packaging to fit into a container and thus lower the unit cost of transportation. By lowering the costs of trade containerisation has encouraged specialisation and the expansion of global supply chains. • #aqaeconomics #ibeconomics #edexceleconomics

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