TMLT 311 Week 6 discussion

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School

American Military University *

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Course

311

Subject

Economics

Date

Feb 20, 2024

Type

docx

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Uploaded by ChancellorQuail3494

I think there are multiple reasons the author's chose to compare the European and North American systems to each other. They are two large markets that share some similarities to each other, but also have some distinguishable differences in moving goods. Also it appears that one author is a professor at an American university, while the other is a professor at a university in Italy. This may have given them more insight into American and European systems and made the choice to compare these two easier. One large difference that stood out between European shipping and American shipping was the use of short-sea shipping. That is non existent in the North American system, but looks to be a major part of inter European shipping. The authors mentioned the importance of short-sea shipping from the British Isles to mainland Europe as well as across the Mediterranean. Transportation costs play a large role in global trade. Costs can come in many different forms including the mode of transportation used, the distance that the goods have to be shipped, as well as the location of the country. Countries that are landlocked have increased trade costs by 50% and reduced trade volumes of 30-60%. Those statistics alone show that the costs of transporting goods impacts global trade in a large manner.

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