Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-xm8r8 Total loading time: 0 Render date: 2024-06-28T23:10:23.633Z Has data issue: false hasContentIssue false
This chapter is part of a book that is no longer available to purchase from Cambridge Core

Introduction

David J. Starkey
Affiliation:
University of Hull
Gelina Harlaftis
Affiliation:
University of Piraeus
Get access

Summary

…exuberant energy, wealth, power and arrogance… propelled Europeans into all corners of the globe and by the mid-nineteenth century created a single world-wide economic and maritime system.

The internationalization of the world economy has been one of the defining characteristics of the nineteenth and twentieth centuries. A direct result of European expansionism and industrialization, this process has been facilitated by, and has stimulated, profound improvements in transportation and communications. While revolutions in land, air and sea transport have played a significant part in extending the scope of economic activity, remarkable advances in the means of information dissemination have greatly expedited the flow of intelligence and data upon which the business decisions of producers and consumers are based. Due to such developments, the world has become smaller in a metaphorical sense; but, at the same time, the spatial expansion of the world's commodity, labour and capital markets has been such that they have become literally global in extent.

Global Markets is concerned with the part that the sea transport industries have played in this process. Such a subject area provides an excellent vantage point from which to examine the emergence and development of the international economy, for the sea transport industries, by their very nature, are both intrinsic to, and influenced by, the economic and political interactions between nations. Accordingly, studies of shipping and shipping-related activities provide insights into the nature of phenomena which are labelled, often very imprecisely, “internationalization“ and “globalization.” The former is directly derived from the concept of the nation state, though it implies rather more than the simple exchanges between bordering states that the term “international” might be taken to mean. Instead, internationalization implies a process of becoming, an ongoing evolution entailing the emergence of multilateral, spatially dispersed and regular links between nations. This gradual process is well illustrated by the pace and pattern of the geographical spread of shipping routes from the mid-nineteenth century (see Wray's chapter). “Globalization” is more contentious. While not all observers accept the validity of the concept, some arguing that if anything it forms simply a phase in the internationalization process (Johnman), those who view it as a distinct phenomenon offer different interpretations as to its meaning, scope and location in an historical context (Greenhill, Scholl, Jarvis, Goto).

Type
Chapter
Information
Global Markets
The Internationalization of The Sea Transport Industries Since 1850
, pp. ix - xviii
Publisher: Liverpool University Press
Print publication year: 1998

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×