The Business Times

Indermit Gill

THE WRITER IS IS CHIEF ECONOMIST OF THE WORLD BANK GROUP

The standard shipping container, a steel box 12.2 m by 2.4 m in size, was invented by Malcolm McLean, who turbocharged its global adoption by letting its design be distributed patent-free.
PERSPECTIVE

Tariffs aren’t the biggest drag on global trade. Standards are

Product-safety and environmental rules have multiplied like an invasive species

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