How can Chinese companies ship products to the US cheaper than it costs to ship the same items across town?
In: Economics
Planet money does a podcast titled ‘Unraveling the mystery behind international shipping rates’ it’s very informative and semi ELI5. Ultimately the united postal union sets standards for international deliveries. A long time ago they decided the rate should be set to the ‘from’ country. It made sense back then when global commerce was markedly different. With e commerce it creates a massive subsidy to countries like China
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