Free Trade And The Global Economy

For the past couple of months I have been on my trusty iPad writing my second book, “Dynasties of the Sea- the Entrepreneurs and Ships Who  Expanded the Era of Free Trade”. When Marine Money approached me to write a book on this topic I jumped at the opportunity. I just love shipping and the topic of free trade.

I consider shipping to be one of the most under-estimated industries out there. 92% of all things in your home come from a ship. Now that is cool.

Shipping has come a long way since the days of long ago when cargo was stacked in individual bags, nets and run solely by families. Refrigerated containers for example have helped expand the distance in the transportation of products. If it wasn’t for shipping, free trade would not be where it is today. Let’s face it, some commodities just can’t be flown in.

Free Trade is essential to the global economy. It doesn’t matter if you are a farmer, fisherman or retailer- free trade makes the world go round. While free trade talks can create nasty political jabs, the promises  and potential pitfalls of these deals need to acknowledged. The key to all discussions of course is to make the agreements fair and balanced.

These agreements are considered by many including the  U.S. Chamber as key gateways  to new regions which could then in turn advance opportunities for both small and large businesses. The ripple effects of such deals could also help rev up the nation’s economic prosperity.

The fight over free-trade and the “myths and promises” of such agreements is currently being duked out in Canada as the Canadian government decides on a free trade agreement between them and the EU. It’s considered to be the biggest free-trade deal in Canada’s history. The positions from the supporters and those against have been passionate. Now we wait to see what the outcome will be.

As the shipping titans sit down and speak with me about the opportunities they see for their industry in the next 25 years, the topic on free trade comes up time and time again as well as their frustrations of political gridlock.

So as we Americans get ready for another presidential election cycle, business leaders tell me they hope that those leaders who are elected into office will be willing to put politics aside and get something done. We’ll just have to wait and see what kind of politicians the American voters will elect into the halls of Congress and in the White House.


Author: loriannlarocco

I am the author of "Dynasties of the Sea: The Untold Stories of teh Postwar Shipping Pioneers", "Opportunity Knocking: Lessons from Business Leaders", "Thriving in the New Economy" and "Dynasties of the Sea: The Shipowners and Financiers Who Expanded the Era of Free Trade". I'm also the Senior Talent Producer at CNBC, and known as the producer with the trillion dollar Rolodex

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