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Topic: Business
Number of pages / Number of words: 3 / 636
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According to the World Bank, shipping costs today are less than half of what it was in the 1950s. Airfreight costs have dropped even more. In today's market it is profitable to import goods from other countries into the United States (US), something that was almost impossible 20 years ago. Another factor is a drop in communication costs...


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Another factor is a drop in communication costs. In part of the massive investment in fiber optic cable and the expansion of the internet, it is possible to create a product in the US for production in another country and sale back in the US, all in a matter of days. The ability of transmitting vast amounts of data at minimal costs has enabled companies to locate different parts of the production process in different countries without losing control of the overall operation (Helibroner 2002)...


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