Practice question · Multiple choice
Containerisation, fibre optics and barcodes are all credited with enabling global supply chains. What did they have to make cheap together?
Hints
- Ask what a supply chain needs besides cheap transport.
- What would happen with cheap shipping but no way to track a component?
Show the answer
C. Coordination at a distance: moving, tracking and deciding
Why
The three are complements. Cheap freight without cheap information gives you bulk commodity trade, not a chain in which a part is made in one country for assembly next week in another.
Practise The Second Globalization
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More questions on The Second Globalization
- Which factors have begun to slow or reverse the second globalisation?
- Order the second globalisation's milestones.
- In the second globalisation, a large share of trade is in components crossing borders several times before…
- China's WTO entry in 2001 added roughly how many workers to the global labour pool (in millions)?
- First globalisation (1870-1914) or second (post-1980)?
- Match each trade term to its meaning.
- The first globalisation moved grain, cotton and migrants; the second moved components, services and…
- Why did global value chains fragment production across countries?