Globalization trade characteristics are the promotional free trade of goods:
- Reduction or elimination of tariffs; construction of free trade zones.
- Reduced for transportation costs.
- Development of containerization for air and ocean shipping.
- Reduction or elimination of capital controls, elimination, or harmonization of subsidies for businesses. defined by: Ahoycargo D.H.
Globalization
Globalization generally refers to the expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness. People around the world are more connected to each other than ever before. Information and money flow more quickly than ever. International travel is more frequent and international communication is commonplace. Goods and services produced in one part of the world are increasingly available in all parts of the world. Although these links are not new, they are more pervasive than in the past.
In the United States, international trade represents a significant share of GDP. The "World Fact Book” published by the Central Intelligence Agency ranks the United States first in the world in imports and fourth in exports. While international trade is usually the primary meaning of globalization, personal international travel for business and leisure is a significant trend in the globalization of transportation.
As an external factor, globalization reinforces the need for opening international transportation markets and for highly efficient intermodal connections where the U.S. and international transportation networks meet. Continued growth in demand for port throughput – around 10 percent a year – and an increase in new vessel capacity as carriers respond to growing demand are expected. Globalization demands flexibility in the transportation network and flexibility demands investment in infrastructure. Pressures on transportation services and infrastructure from globalization may affect our ability to achieve our global connectivity goals.
