International Shipping and Global Commerce

While checking out some other video stuff at Youtube.com tonight I discovered the following video on international shipping. It is very well done and in a generic sense gives an overview of the magnitude of the shipping industry and its impact on the global economy.

There would be no modern China without shipping.  Japan would have no fuel. The US and European retail market places would also be much different. Certainly the growth of retailers like Wal*Mart, Tesco, Metro, Carrefour, Target, Best Buy and others wouldn't have grown so much without commensurate growth of international shipping.

It is said that shipping is the worlds second oldest profession. Certainly it's importance in our global economy remains very close to number one today.

(Note: Some corporate proxy servers ban video from youtube.com.  If you see white space below...you may be on such a network.  Please revisit from home or a connection that does not go through your company VPN.)

Eric

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Comments

[Armitage Shanks]

Shipping is the world's THIRD oldest profession, after the most notorious one, and after agriculture.

Agriculture created surplus, which promoted trade by ocean.