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Deglobalisation - The ship that broke global trade

Graham Watson

22nd September 2021

This Bloomberg clip is a fantastic look at the impact of the Ever Given blocking the Suez Canal last March.

The incident showed the fragility of global supply chains, and perhaps the unstable nature of the global economy. More than 80 per cent of the world's traded goods are shipped from port to port on their way to consumers.

It also highlights the difficulty of steering these new supertankers in confined spaces!

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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