Globalization and Maritime Sector

By, Lic. Maury Molina. - YoungShip Colombia

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Globalization is an economic, political, technological, social, and cultural process that has transformed the world into an increasingly interconnected place and has affected, in a positive and negative way, markets, technologies, commercialization, communications, policies and industrial developments at a global level.

The progressive dissolution of economic and communication frontiers has generated a capitalist expansion. This, in turn, has made possible global investments and financial transactions aimed at distant or emerging markets, on terms that were once very difficult, highly costly or unfeasible.

We are facing a process that implies both advantages and disadvantages.

Among the advantages of globalization, we have the following

-Development of a global market.
-Interconnection of societies
-Access to computer resources.
-More access to information.
-More interaction between people worldwide through social networks.
-New trends in the labor markets.
-Circulation of goods and imported products.
-Increased foreign investment.
-Exponential development of international trade.
-Favouring of international relations.

As for its disadvantages, we can mention:

-Obstaculation or strangulation of the development of the local trade.
-Increase in foreign interventionism.
-There can be an exponential growth of protectionism, we are talking about regions where state capitalism reigns.
-Concentration of capital in large multinational or transnational groups.
-The increasing gap in the distribution of wealth.
-Construction of a global cultural hegemony that threatens local identities.
-Uniformity in consumption.

A determining factor within the scheme of Globalization has been, is, and will continue to be the use, development, and exploitation of maritime transport, being an important human activity throughout history, which derived mainly from the need of farmers to exchange their goods between regions, making use of ships that moved across the seas, giving way to the establishment and evolution of international and interregional trade, as we know it today.

An example of the close relationship between Globalization and Maritime Transport is undoubtedly the construction of large ships, this is due to the type of goods to be moved from one port to another. The maritime industry in the last decades has transformed its technologies, national registries, and labor resources to serve the demands of this integration process.

Certainly, the expansion of the movement of goods to meet the needs of a globalized world is not free. The costs have been high, thanks to a series of energy and environmental impacts on the seas and the seabed, associated with the movement of these goods as well as the deaths of seafarers in high seas voyages through which the transport of these goods is made possible.

It is important to reflect on this phenomenon since a series of technological, economic and socio-cultural factors are intertwined where rarely a country can remain completely isolated from the economic activities of other countries, where it is important to preserve the balance between the exchange of goods, conservation of the seabed and the preservation of the life of those who truly make possible the fact that we are in an increasingly globalized world.

Bibliographic source online:
https://rorocanarias.com/ro-ro-canarias/los-impactos-de-la-globalizacion-en-el-transporte-maritimo-internacional/777/

Weekly article: YoungShip Colombia

Elaborated by:
Lic. Maury Molina.
Lic. in International Studies graduated from the UCV and technical advisor of IMARGROUP in Venezuela

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