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This invention in the 1970s standardized the movement of goods and drastically lowered shipping costs.
Shipping containers
This European trading bloc allows the free movement of goods, services, and labour between member states and adopted the euro as a shared currency.
What is the EU
Policies like reducing government spending, privatizing state industries, and eliminating subsidies are required under these IMF/World Bank programs.
What is an SAP
This Austrian economist argued that government planning leads to tyranny and that markets coordinate information better than centralized authorities.
What is Frederick Hayek