LITERATURE REVIEW

Name:

Institutional Affiliation:

Effects of Globalization on International Ocean Transportation

Introduction

Ocean transportation has over time been considered as a significant human activity throughout history, with particular inference to instances where prosperity remains wholly dependent on international and interregional trade. In other words, transportation has often been referred to as one of the pillars of globalization, along with international standardization, communication, and trade liberalization(International Maritime Organization, 2004). Given this, it is essential to point out that the trends of globalization are heralded as a beneficial element for global stability and sustainable development. In this case, it is imperative to detail that globalization integrates the production, distribution, and consumption of goods across different borders, hence creating a unified market.

Faced with the higher consumer demands for quality products, organizations are obliged to make decisions as to the benefits of a globally recognized brand that produces better products that are relatively priced, worthy of the increased security measures, differences in process and quality standards and the potential of waiting longer for the delivery times; aspects impacted by all the ends of ocean transportation(International Maritime Organization, 2004). The increase in sea transport meth...