Ports in Transition in the Developing Worldby Edward Boatman-Guillan, PRC Engineering, McLean, VA, USA,
Hernan Rosenberg, PRC Engineering, McLean, VA, USA,
Abstract: Export led strategies have been proposed by the main financial institution as a way for these countries to emerge from the downturn. This policy relies heavily on foreign trade. Transportation, primarily ports, plays a vital role in the policy. Ports have had to adjust from a monopolistic revenue generating to a competitive trade facilitation institution. This has been a difficult process due to financial, managerial and labor considerations. Recent experience indicates that enhancement of productivity, more effective planning, privatization and innovative financing are the main approaches taken by the Ports in the developing countries in order to adjust to modern technological requirements to help foreign trade in an era of fiscal conservatism.
Subject Headings: Ports and harbors | Privatization | Financing | Revenues | Labor | Innovation | Developing countries
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