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European and North American freight Transportation Systems, Globalized Trade, and Global Policy Implications

Student’s Name Institutional Affiliation Course Instructor’s Name Date European and North American freight Transportation Systems, Globalized Trade, and Global Policy Implications Trade is vital to any country for its growth and development. It is so essential that the absence will make all the economies in the world grind to an unexpected halt. There are other regions globally where the functioning of the economy and trade contribution can be more practical than in the United States. In most instances, the economies are supported by trading commodities and services. One of the essential elements of commerce is the transport system. The case analysis will be on the freight trade in Europe and North America. There is a need to understand the cargo business better to comprehend the outcomes. It refers to transporting trade goods using air, water, road, and rail for distances much longer between countries. In essence, the freight business can be a tool for some business operations and governments to attain the needed economic stability. Therefore, its importance cannot be underrated. Freight System European and the North American freight system compare and contrast differently based on the technology that has been applied and the mode of terminals being used. A fundamental similarity is the use of shipping containers in both systems and containerization in general. Packaging plays an essential role in the transportation process. Another similarity between the two is technology adoption in making the operations much faster and efficient. It is visible that during transportation in both regions, there are storage facilities such as refrigeration (Anton, Silberglitt, and Schneider, 2016). More so, there is the use of the fast train to save on time. Lastly, their harbors have been updated using modern technology that assists with the loading and offloading processes. Applying some of the devices in Europe and North America has made it easy to pack and unpack the cargo with the utmost efficiency. Transport System The main contrast between the European and North American freight transport systems is infrastructure. Due to the distinction that exists in the geographical location of the two regions and the climate changes, there is a variation in the infrastructure (Embree and Gluck, 2015). There is a difference in the logical tactics used for transportation over the respective territories. For instance, North America has more connected roads than Europe, making their vehicle easier and efficient. There is a reduction in freight cost in North America than in Europe, and therefore, shipping is much cheaper in the former than the latter. Globalized Trade and Global Policy Implications In addition, that contrast between the two continents outlines itself in the globalized trade and policy implications. In recent years, a country like the United States has been gearing its foreign trade policy towards enhancing its political and economic position in Asia (Embree and Gluck, 2015). The strategies that are being used aim to establish much more robust and secure financial goals over Asia and curb the growth of Chinese influence over the process that is taking place. More focus has been placed on China's implication on the political and global economic practices, making them more assertive. The European countries have been offering a similar response to how they can secure their interest in the trade actions. The United States aims to create jobs and increase its industrial output. It is a good policy since there is a balance between the European and North American trade blocks (Anton, Silberglitt, and Schneider, 2016). Again, there is the external trade deficit and increment in the global trade index for some countries like the United States (Anton, Silberglitt, and Schneider, 2016). The preferred policies that will focus on North America at the expense of the European Union will affect the trade. A fundamental similarity is that it has been able to open trade relations with some other countries. However, there is a distinction since there is the provision of new broader markets in Europe than North America. A strong focus of most countries in the region is on maintaining good relationship ties. Review of Future Research There is a need to understand better the point in transport logistics global trade and policy. Commerce is very promising in the future, and there is a tremendous chance for the emergence of a 'plurilateral' trade connection (Constantinescu, Mattoo, and Ruta, 2015). The focus has been on the bilateral trade that encompasses the relationship between two countries. The situation is likely to change in the future, where a third country will incorporate into the two. Some of the operations likely to be created include the transpacific partnership and the commerce taking place at the trans-Atlantic level. Interesting Part The most exciting part is the projected global growth, which is more concentrated. A key reason for the interest is that the section can significantly influence the policy-making processes and assist with future decision-making activities. Conclusion The transports sector acts as a factor enhancing trade in both Europe and North America. Freight transport is the most important as it creates the needed connection between the various countries in the two regions. It has been easy to foster the required international trade in the process. The global policy will have a massive influence on the transportation that will take place in the future. As the new guidelines are being formed, the connection between Europe and North America is further enhanced. References Anton, P., Silberglitt, R., and Schneider, J. (2016). The Global Technology Revolution. Santa Monica: RAND. Constantinescu, C., Mattoo, A., and Ruta, M. (2015). The Global Trade Slowdown. International Monetary Fund. Embree, A., and Gluck, C. (2015). Asia in Western and World History. Hoboken: Taylor and Francis.