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This open access book belongs to the Maritime Business and Economic
History strand of the Palgrave Studies in Maritime Economics book
series. This volume highlights the contribution of the shipping
industry to the transformations in business and society of the
postwar era. Shipping was both an example and an engine of
globalization and structural change. In turn, the industry
experienced and pioneered, mirrored and enabled key developments
that led to the present-day globalized economy. Contributions
address issues such as the macro-level shift of shipping's centre
of gravity from Europe to Asia, the political and legal frameworks
within which it developed, the strategies and performance of both
successful and unsuccessful firms, and the links between the
shipping industry and the wider economy and society. Without
shipping and its ability to forge connections and networks of a
global reach, the modern world would look very different. By
bringing together scholars from various disciplinary and national
backgrounds, this book advances our understanding of the linkages
that bind economies and societies together.
This open access book belongs to the Maritime Business and Economic
History strand of the Palgrave Studies in Maritime Economics book
series. This volume highlights the contribution of the shipping
industry to the transformations in business and society of the
postwar era. Shipping was both an example and an engine of
globalization and structural change. In turn, the industry
experienced and pioneered, mirrored and enabled key developments
that led to the present-day globalized economy. Contributions
address issues such as the macro-level shift of shipping's centre
of gravity from Europe to Asia, the political and legal frameworks
within which it developed, the strategies and performance of both
successful and unsuccessful firms, and the links between the
shipping industry and the wider economy and society. Without
shipping and its ability to forge connections and networks of a
global reach, the modern world would look very different. By
bringing together scholars from various disciplinary and national
backgrounds, this book advances our understanding of the linkages
that bind economies and societies together.
This book is open access under a CC BY NC ND 4.0 license. This book
belongs to the Maritime Business and Economic History strand of the
Palgrave Studies in Maritime Economics book series. This open
access book discusses how Norwegian shipping companies played a
crucial role in global shipping markets in the 20th century, at
times transporting more than ten per cent of world seaborne trade.
Chapters explore how Norway managed to remain competitive, despite
being a high labour-cost country in an industry with global
competition. Among the features that are emphasised are market
developments, business strategies and political decisions The
Norwegian experience was shaped by the main breaking points in 20th
century world history, such as the two world wars, and by long-term
trends, such as globalization and liberalization. The shipping
companies introduced technological and organizational innovations
to build or maintain a competitive advantage in a rapidly changing
world. The growing importance of offshore petroleum exploration in
the North Sea from the 1970s was both a threat and an opportunity
to the shipping companies. By adapting both business strategies and
the political regime to the new circumstances, the Norwegian
shipping sector managed to maintain a leading position
internationally.
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