Monday, June 27, 2016

The Global Economy: Panama Canal and South Carolina

The Panama Canal is almost 2,000 miles away from South Carolina yet, as an illustration of how globally connected world economies are today, the upgrades to the Canal are having a profound affect on Greenville, SC.

The widening of the Canal means larger ships can pass through which, in turn, mean that it's now cost-effective to ship cargo directly from Asia to the East Coast.  Warehouses and transportation networks (plus jobs) need to be created, and South Carolina has a edge over other Eastern cities, in terms of cheap labor and real estate.