1. The part of this article that I found most interesting was the relation to innovation and how it really helped to create a different type of economy. Now we focus on an innovation driven economy instead of asking how capital and labor can be amassed. As a future economist I really do enjoy this view point because it stretches my brain to think about how something like transportation helped to influence innovation which in turn then influenced the way economies functioned.
2. The author sees the shipping container as what opened up globalization in the world's economy. Instead of it taking close to several weeks for a small amount of goods to be transported it now takes very little time for a lot off goods to be transported, making the manufacturing cost fall to the ground because now goods could be made in low income economies and shipped to high ones to be sold in.
3. I see companies gaining from this because now they can trade all around the world making their goods more available. I also could see the consumer gaining because now there are more competitors lowering the price of goods in the markets. But lastly I see the consumer losing because they will receive goods not at the same standard they are used to. Goods are going to be made cheaply and quickly so they can be sold in bulk, which I believe then harms the consumer in the goods they buy but at the same time decreases prices for them.
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