How does the evergreen impact the economy?

Question

I’ve seen plenty of memes talking about how the ship being stuck is f*cking the encino my, but how does it? Or is it bullshit?

In: Economics

Answer 1

Basically, that canal connects Europe and Asia. The British and French originally used it to easily stay close to their colonies (India and Vietnam) in eastern Asia, hence why the Suez Canal Crisis was so momentous when Nasser of Egypt nationalised it, but even to this day, a lot of cargo goes through that canal, 10% of the worlds shipping. (Planes are too expensive, and cant carry as much) so the fuel it would cost for ships to go around the Cape of good hope would add thousands to the journey and about a week of time.