MAJOR PROJECTS THAT INFLUENCE WORLD TRADE
In 1869, with the opening of the Suez Canal, world trade entered a new era of development. The commercial routes linking the Far East to the western countries were shortened considerably as compared to the maritime corridor around the Cape of Good Hope. In 1914, the opening of the Panama Canal sea...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2014-11-01
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| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_010.pdf |
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| Summary: | In 1869, with the opening of the Suez Canal, world trade entered a new era of development. The
commercial routes linking the Far East to the western countries were shortened considerably as compared to
the maritime corridor around the Cape of Good Hope. In 1914, the opening of the Panama Canal sealed the
new deal in world trade, opening for business the shortest commercial routes around the world. After 145 years
from the inauguration of the Suez Canal, world trade is on the eve of a new expansion. Two major projects: the
expansion of both the Suez and Panama canals, planned to be completed in the next two years, will double their
transit capacity. This paper does a comparative analysis of these two strategic projects, underlining the main
benefits for Egypt, Panama and world trade, based on the available statistical data, reports and literature in
the field. |
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| ISSN: | 2343-9742 2343-9750 |