Latin American Merchant Shipping in the Age of Global Competition (Contributions in Economics and Economic History #209) (Hardcover)

Latin American Merchant Shipping in the Age of Global Competition (Contributions in Economics and Economic History #209) By Rene de la Pedraja Cover Image

Latin American Merchant Shipping in the Age of Global Competition (Contributions in Economics and Economic History #209) (Hardcover)

$75.00


Not On Our Shelves—Ships in 1-5 Days

Other Books in Series

This is book number 209 in the Contributions in Economics and Economic History series.

Although Latin America had a substantial merchant fleet by the 1950s, at the end of the century most of the major shipping companies have disappeared from the continent. Continuing to grow through protectionist efforts during the 1960s and 1970s, the industry began to decline when container technology, requiring large capital investments, shifted competition to access capital. This book shows how technology undermined and finally shattered the nationalist efforts to create a significant Latin American merchant shipping industry. Written in a clear and concise style, it provides the first authoritative survey of Latin American shipping during the second half of the century.

The book opens with a discussion of cargo preference--a form of protectionism--in Chile and shows how Latin American merchant fleets expanded under cargo preference. Most countries witnessed a dramatic expansion in their national fleets. In the 1970s, the impact of containers, a new technology, began to be felt. As the book shows, the large capital outlays needed to adopt containers undermined the foundations of Latin American shipping companies, and most of the merchant shipping companies in the region gradually collapsed. The book also examines the non-commercial role of merchant shipping, particularly in international clashes such as the Cuban Revolution.
Product Details ISBN: 9780313308406
ISBN-10: 0313308403
Publisher: Bloomsbury Publishing PLC
Publication Date: February 28th, 1999
Pages: 200
Language: English
Series: Contributions in Economics and Economic History