Globalization, Public Sector Reform, and the Role of Ports in International Supply Chains

During a meeting of the United Nations Conference on Trade & Development (UNCTAD) Intergovernmental Group of Experts on Ports, port commercialization, corporatization, and privatization were subjects that evoked not only exceptional interest and enthusiasm, but also concern among delegates. Such discussions would have been unimaginable 20 years ago, when most governments were considering their port sector as one requiring massive public investment for port development; of strategic interest to the nation; or a service industry, crucial to the common interest. However, in the last 20 years, there has been a worldwide trend of structural reform of the public sector. In some developed as well as developing countries, this has taken the form of commercialization or privatization of public enterprises. In the former Union of Soviet Socialist Republics (USSR), and in the socialist countries of Eastern Europe and Asia, the overarching objective of structural reforms was to transform centrally planned economies into market economy systems. Globalization, free trade, and the ensued fierce national and international competition have been the major motors of such changes. Globalization could be described as the increase in cross-border interdependences and, more profoundly, integration, as a result of the greater mobility of factors of production and of goods and services

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  • English

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  • Accession Number: 01632812
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 21 2017 12:06PM