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Economic Worksheets Final Answer 1

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Georgia Military College
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Economic Worksheets
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1. What is the connection between containerization and economic globalization?
Globalization has gained popularity in the previous years. In economics, globalization
is the international expansion of trade. On the other hand, containerization is a mode of
transport that uses steel containers on long and short distances transportation of goods across
the globe as the goods are dispersed based on the global economy. It makes the transport and
trade of goods cheaper and more efficient. The link between containerization and economic
globalization is derived from the benefits of the increased use of containerization concerning
its effect on economic globalization.
Firstly, containerization offers fast transportation at a low cost (Garg& Kashav,2019).
By using container transport, goods can be shipped quickly to their destinations, and a lower
cost as the goods are shipped in bulk. Therefore it has resulted in various goods, raw
materials, and finished goods worldwide, making the world enjoy the economic advantage
brought about by containerization. As a result, Countries may benefit from globalization via
containerization in many ways, including expanding the international market for locally
produced goods.
Secondly, containerization is a highly flexible means of transport (Garg&
Kashav,2019). Containerization may be used to ship lots of goods globally. Its flexibility
enables it to transport both flammable liquid substances such as petroleum and tangible
products such as foodstuffs. As a result, different products can be transported globally
without inconveniences resulting in growth in the participating countries.
Lastly, it offers a secure means of cargo transport with low energy consumption (Dua
& Sinha,2019). The container offers excellent protection to the goods as they have
temperature variations modifications; they are safe from theft, fires, and bad weather. The
container reduces the risks of losses, fire, and theft that might occur on ground transport.

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1 Economic Worksheets Name Course name Instructor name Date 2 1. What is the connection between containerization and economic globalization? Globalization has gained popularity in the previous years. In economics, globalization is the international expansion of trade. On the other hand, containerization is a mode of transport that uses steel containers on long and short distances transportation of goods across the globe as the goods are dispersed based on the global economy. It makes the transport and trade of goods cheaper and more efficient. The link between containerization and economic globalization is derived from the benefits of the increased use of containerization concerning its effect on economic globalization. Firstly, containerization offers fast transportation at a low cost (Garg& Kashav,2019). By using container transport, goods can be shipped quickly to their destinations, and a lower cost as the goods are shipped in bulk. Therefore it has resulted in various goods, raw materials, and finished goods worldwide, making the world enjoy the economic advantage brought about by containerization. As a result, Countries may benefit from globalization via containerization in many ways, including expanding the international market for locally produced goods. Secondly, containerization is a highly flexible means of transport (Garg& Kashav,2019). Containerization may be used to ship lots of goods globally. Its flexibility enables it to transport both flammable liquid su ...
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