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Transportation has sometimes been described as glues

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Questions

1. Transportation has sometimes been described as the glues that holds global supply chains together. What is the meaning of this statement, and do you agree? Why or why not?

2. The theories of absolute and comparative advantage have been offered as an economic rationale for trade between and among regions and countries. Compare and contrast the two concepts. Which of the two do you think is more important for explaining the growth in global trade during the last 25 years? Why?

3. The economic integration associated with globalization can provide an opportunity for more widely dispersed development. Why is this possible? What are the major stumbling blocks to such integration?

Reference no: EM133345201

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