; 20 years reveals gigantic strides in international trade
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20 years reveals gigantic strides in international trade

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The politics of trade policy often obscures what should be an unambiguously positive story about the globalization of the world economy. Just how rapidly the world's economies are becoming interdependent is clear when people look at the shipping container. The average ship can now carry the 2,348 twenty-foot equivalent units (the size of a standard shipping container). The international container ship fleet has itself grown four-fold since 1987. The entrepreneur who popularized the shipping container should be just as well remembered as the politicians who cut tariffs.

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