PortEconomics associate member Adolf Ng contributed to the 57th issue of the Port Technology International magazine with an article examining Port Development in East Asia: From Efficiency Enhancement to Regional Competitiveness.
East Asia was one of the fastest growing regions in the past decades thanks to the export-led growth strategy of various developing countries. With most of the world’s traded cargoes being carried by sea, East Asian ports had also undergone substantial transformation and development. Indeed, their direction of development was closely knitted to global and regional economies. This article provides a brief review on the development and transformation of ports in East Asia. It indicates that ports within this part of the world have gradually re-emphasised from technical efficiency and capital investments to regional competitiveness, catalysed by the rapid transformation of the global and regional economies. Port development nowadays has become more uncertain, especially since the economic turmoil in 2008, and it is hoped that this article will provide some useful insight into this.
You can freely download Adolf’s article @PortEconomics.