Transcription of 2. CHANGES IN INTERNATIONAL CONTAINER …
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2. CHANGES IN INTERNATIONAL CONTAINER …
REGIONAL SHIPPING AND PORT DEVELOPMENT- 3 IN INTERNATIONAL CONTAINER SHIPPING AND in INTERNATIONAL CONTAINER role of INTERNATIONAL tradeTo comprehend the CHANGES that have occurred within liner shipping and ports over theprevious two decades, it is necessary to understand the context in which these CHANGES havetaken place. The core factor has been an increased acceptance of INTERNATIONAL trade as theprimary engine of economic growth and development. This has been an ideological shift, asmany economies including the Asian giants of China and India have in the past pursueddevelopment strategies that have emphasized self-sufficiency and import however, there has been a growing consensus that success will be achieved throughglobal economic a result of this globalization trend, world trade volume has continued to grow with thegradual removal of trade barriers under the World Trade Organization (WTO), and throughRegional Trade Agreements (RTA).
The period between 2004 and 2005 was a strong one for the liner shipping operators, with container volume in excess of ship capacity for the majority of …
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