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Reflection on Economic Analysis of Disruptions on the Mississippi River.

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Reflection on Economic Analysis of Disruptions on the Mississippi River






Reflection on Economic Analysis of Disruptions on the Mississippi River.

The article, Economic Analysis of Disruptions on the Mississippi River, written by Jingjing Tong and Heather Nachtmann, focuses on the practical application of economic engineering models in solving economic inefficiencies in the world. The article converges on a case study covering the Mississippi River and its tributaries within the United States. The report targets the students in the economic engineering majors, such as supply chain, logistics, cost economics, among others. First, the authors aim to teach students real-world case scenarios related to financial engineering. Secondly, it creates a chance for students to learn about the maritime transportation system. The author relied on real-time data pool to assess the behavioral changes in the economic performance in the United States owing to the disruption of the activities in the Mississippi River.

I am privileged to have learned about the history of Mississippi Rival and its economic importance, not only in the United States but the world at large. During my lower-classes, we used to study how Mississippi Rival was elemental not only in the transportation of firearms but mainly in the trade between medieval farmers and blacksmiths. The same strategic importance cuts across the communities we live in today. For example, the authors, Tong and Nachtmann, postulate that Mississippi River (both lower and the upper region) ship about 600million tons of business necessities each year. This is a volume means a lot to traders who rely on water for transport.

Other than that, I agree with the article's speculation that Mississippi is not only famous for its commodity transport but also attracts money from tourism, agriculture, as well as energy production. These economic-attraction attributes create an essential competitive advantage for enhanced economic growth compared to other parts of the world, which may not have access to a strategic water body to accomplish all that can be done by the Mississippi River. However, these benefits do not come without a cost. I concur with Tong and Nachtmann, just like any other river, Mississippi continually experiences the destruction of navigation systems and vessel collision, leading to economic disruption. The most interesting thing about the authors' approach to these issues they have offered evidence-based estimates of cases that...


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