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The financialization of the port and terminal industry: revisiting risk and embeddedness

机译:港口和码头行业的金融化:重新审视风险和包容性

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摘要

The paper explores the evolving relationship between the port and terminal industry and the financial sector. Since the financial industry has taken an active role in global economic affairs, understanding global trade and transportation requires more than ever a perspective about financial issues and their impacts on transport operations. Paradoxically, the recent analytical emphasis on the strategies of port operators has rarely focused on one of the fastest and most radical changes ever to affect the maritime and port industries. The paper argues that through the lenses of financial issues-financialization-a unique dimension of the maritime industry can be understood. It analyses how a changing pattern in risk perception has supported a bubble in the period 2002 to 2008 and how financial interests in the industry have repositioned themselves since the start of the economic crisis in 2008. The analysis demonstrates how since then, the financial sector is-reluctantly-rediscovering the risks that are part of the maritime industry, notably those related to business cycles.
机译:本文探讨了港口和码头业与金融部门之间不断发展的关系。由于金融业在全球经济事务中发挥了积极作用,因此了解全球贸易和运输比以往任何时候都更需要对金融问题及其对运输运营的影响的观点。矛盾的是,最近对港口运营商策略的分析重点很少集中在影响海运和港口行业的最快,最彻底的变化之一。本文认为,通过金融问题的视角,即金融化,可以理解海运业的一个独特方面。它分析了风险感知模式的变化如何在2002年至2008年期间助长了泡沫,以及自2008年经济危机开始以来该行业的金融利益如何重新定位了自己。分析表明,自那时以来,金融部门如何-不情愿地重新发现海事行业的风险,特别是与商业周期有关的风险。

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  • 来源
    《Maritime policy and management》 |2011年第2期|p.191-213|共23页
  • 作者单位

    Department of Global Studies and Geography, Hofstra University,Hempstead, New York 11549, NY, USA;

    Institute of Transport and Maritime Management Antwerp,University of Antwerp, Keizerstraat 64, B-2000 Antwerp, Belgium;

    Department of Shipping, Trade and Transport, University of theAegean, 2 Korai St, Chios 82 100, Greece;

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