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Source: QUARTZ, 11/30/17
Imagine a ship carrying commodities from Australia to China, and another carrying the same, but in the opposite direction. Both routes are equal in distance. Yet that first journey, from Australia to China, costs 33% more, on average, than the return trip. This isn’t because of tariffs, subsidies, or some other government policy. It’s simple supply and demand—not of goods, but of ships needed to transport those goods, according ... For more of this story, click here.
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