MARINE TRANSPORTATION

PBCL PACKAGE 12 BENEFITS OF SHIPPING TO DEVELOPING COUNTRIES

PROBLEM TO BE SOLVED
What are the benefits of shipping to developing countries?

PACKAGE OBJACTIVES

To list down the many benefits of shipping to developing countries To explain the benefits of shipping within the context of investment in shipping

INTRODUCTION

Until this point you are considered to be knowledgeable

on shipping operations and the economic of shipping on shipping and its important role in international trade Factors affecting trade composition and trade pattern of a certain maritime country

BENEFITS OF SHIPPING TO DEVELOPING COUNTRIES

JOB OPPORTUNITIES

It create job in the

Main sector Sub-sectors

This directly partly solve unemployment problems

NATIONAL INCOME

It generates income to the country

In the form of sales and services related to shipping and its infrastructure

BALANCE OF PAYMENT

Income from the export of shipping services will contribute to the balance of payment

FOSTERING RELATED INDUSTRIES

It will catalyse the growth of many other industries, those closely related and those indirectly related

LOCAL TRANSPORTATION

It is required to serve the requirement for transportation within the country This strictly applies to archipelagic countries

NATIONAL PRIDE

Has always been considered as national pride A symbol of the ability to conquer in term of economic and international trading

REQUIREMENT IN TIME OF HOSTILITY

Ships belonging to the country (or registered to it) could be called back to the serve the country during war
As in Falkland war between UK and Argentina