 Global Shipping in Small Nations: Nordic Experiences after 1960Stig Tenold, Martin Jes Iversen and Even Lange Chapter 1 in Global Shipping in Small Nations, 2012, pp 1-25 from Palgrave Macmillan Abstract: Abstract The period from the second half of the twentieth century to the beginning of the twenty-first has sometimes been called ‘the second era of globalization’. Shipping stood at the centre of this process, a position that may be explained in at least three ways. First, the shipping industry was by far the most important carrier of the expanding global trade in goods and raw materials, which made possible the wave of outsourcing and transnationally integrated value chains. Second, the shipping industry was more global in its growth strategies and political and institutional structures than most other industries. Finally, the cyclical movements of modern shipping could be regarded almost as an economic ‘Richter scale’ measuring the varying amounts of energy released by globalization. The fate of shipping is thus closely linked to the ebb and tide of economic activity and world trade. At the same time, the industry has made important contributions to the development and shape of the world economy through its reactions to the seismic disturbances. Keywords: Nordic Country; Shipping Industry; Shipping Company; Freight Rate; Ship Type (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36352-6_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.