Handbook of International Trade and Transportation
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Handbook of International Trade and Transportation

Edited by Bruce A. Blonigen and Wesley W. Wilson

International trade has grown rapidly over the past half century, accommodated by the transportation industry through concomitant growth and technological change. But while the connection between transport and trade flows is clear, the academic literature often looks at these two issues separately. This Handbook is unique in pulling together the key insights of each field while highlighting what we know about their intersection and ideas for future research in this relatively unexamined but growing area of study.
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Chapter 17: Getting port governance right

Peter de Langen and Periklis Saragiotis

Abstract

This chapter discusses the relevance of ports for economic development and next identifies port governance as a critical determinant of a well-functioning port industry. While in the past decades privately owned terminal operating companies have emerged and contributed to more efficient supply chains, in most ports a government-owned port authority continues to play a key role. However, there is a widespread understanding that the governance structure and capabilities of the port authority often are not adequate. This chapter discusses the emergence of a governance model in which the port authority operates as a landlord port development company, within an appropriate regulatory framework. The characteristics and economic rationale of this emerging governance model are discussed in detail, and key issues in the transition towards this model are discussed.

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