Pandora’s Shipping Container

Labor

Divergence Over Convergence (Excluding East Asia)

  1. These countries already had ports, and decent transportation infrastructure to get goods to ports, so they could take advantage of cheaper shipping. (Specifically: Japan had railroads; China placed one of their Special Economic Zones near a good port; and in Korea, Park Chung-Hee happened to get a lot of votes from a region that was also near a port, so he put one of the world’s largest steel mills there.)
  2. They made better policy decisions.
  3. Dumb luck: they were next to Vietnam.

Cheap Shipping is its own Trade Policy

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I write about technology (more logos than techne) and economics. Newsletter: https://diff.substack.com/

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Byrne Hobart

Byrne Hobart

I write about technology (more logos than techne) and economics. Newsletter: https://diff.substack.com/

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