Happy fiftieth birthday to the shipping container, that unexciting, unglamorous cog in the wheels of commerce that just so happened to change the world. Most people might have ignored the import of the box during the past half-century, but economist Marc Levinson offers an insightful tale that will help you appreciate this oft-overlooked advancement. If it weren't for the container, Levinson argues persuasively, for good or ill, there could be no Wal-Mart and U.S. manufacturing jobs couldn't have migrated to China. This history lesson recounts the box inventor's quest and offers some subtle perspective for businesspeople struggling to foretell the future. At times, Levinson bogs down in the details of 1950s labor relations, but his work mostly moves quickly through the highs and lows of the container's story. getAbstract recommends this revealing tale to anyone in the global economy.
In this summary, you will learn
- How the shipping container transformed global trade;
- How Malcom McLean developed and championed the box;
- How this innovation proceeded in fits and starts; and
- Why it is a global mainstay today.
About the Author
Marc Levinson is an economist in New York and author of three previous books, including The Economist Guide to Financial Markets and Beyond Free Markets: The Revival of Activist Economics. He has worked at The Economist, Newsweek and the Journal of Commerce.