Port Governance as a Tool of Economic Development: Revisiting the Question

Mary R. Brooks

Chapter 6 in Dynamic Shipping and Port Development in the Globalized Economy, 2016, pp 128-157 from Palgrave Macmillan

Abstract: Abstract There was a trend toward the devolution of government-owned entities like ports during the 1980s and 1990s. Governments purposely devolved responsibility to the private sector in the belief that social welfare would be improved. Types of reform efforts spanned the spectrum. For instance, the United Kingdom essentially privatized its key port infrastructure while in the United States governance changed only in a few ports. In Canada, port reform was accomplished via Canada’s National Marine Policy of 1995. The intention in Canada was to secure the benefits of commercially driven business decision making in organizations previously run by governments while securing compensation for prior taxpayer investments. The Government of Canada had already begun the process of devolution for airports in 1987, and ports were the next logical step.

Keywords: Corporate Governance; Governance Practice; Governance Model; Port Authority; Auditor General (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51429-5_6

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DOI: 10.1057/9781137514295_6

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