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Globalization, Declining Cost of Transportation
and Communication1920-1990
Graph
Year Sea (a) Air (b) Phone Call
(c)Computers
(d)1920 95 - - - 1930 60 0.68 245 - 1940 63 0.46 189 - 1950 34 0.30 53 - 1960 27 0.24 46 12,500 1970 27 0.16 32 1,947 1980 24 0.10 5 362 1990 29 0.11 3 100
(a) average ocean freight and port charges per ton ($US)
(b) average revenue per passenger mile ($US)
(c) 3 minutes NY/London ($US)
(d) index, 1990=100
Source: IMF
More Information on Measuring Globalization
More Information on Globalization
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