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Title: Impact of globalization on the Maritime Industry
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During the last two decades, globalization – together with the continuing information revolution – represent one of the most significant main changes that have completely changed the world, both positively (a giant leap forward in the world’s technical progress and possible integration) and negatively (strengthening social imbalances and insecurities). However, it is also the most hinted to and argued socio-economic reference point of the past several years. Globalization influence on the Maritime Industry is also very significant as the Maritime Industry is not only the deep-sea trade fleet.
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As the international law has been developed and the oceans have been successfully globalized for about a century, the use of the oceans has become open to all states in order to apply the access and resources of oceans for their needs. The open ocean was and still is the main means and sign of globalization. The Maritime industry acts as a basis reason of globalization as it is the means by which almost 85% of the whole world trade is floated.
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The Maritime Industry for the last ten years has been developing rather successfully due to technical progress and globalization as well. This development was passing in some trends. The existence of mighty transport and communication infrastructures is important to sustainable progress. Besides, developing countries now direct the world in some of shipping’s most significant additional businesses, involving the registration of ships, the provision of seagoing labor force and ship recycling. They also play an important part in ship possessing and functioning, shipbuilding and overhaul and port maintenance, among others. Observing more profoundly, shipping has an even more significant role to play in the new global commerce.
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One of the impacts of globalization is a global safety space defined by a growth in private and transnational menaces to the USA security. The most evident of such private menaces is global terrorism. However, other menaces contain world crime, drug spreading, unlawful migrations, and cross-border corruption. The USA borders appear to be uncertain of these menaces. All of these menaces at the same time present the base for destabilization of the far-away regions with which the USA commerce is greatly connected. (Giddens, 2000. p. 47).
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The situation in Maritime Industry is connected with its principal advantage – the ship. Part of the process has been the ever-enlarging internationalization of the industry, further blemishing society with important implications concerning jurisdiction. It has a complicated and deluding suggestion to discuss nationality when a vessel may be built in Japan, bought by a Greek bank, crewed by Italians, Indonesians, and Filipinos, directed by an American company, and underwritten by a British company.
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