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From Ports to Prosperity: Leveraging Maritime Sector for Poverty Reduction

Year 2023, Volume: 3 Issue: 2, 99 - 109, 29.12.2023
https://doi.org/10.58771/joinmet.1402658

Abstract

The maritime sector has the potential to integrate economic development, environmental conservation, and social inclusion, contributing not only to a country's economic growth but also to maintaining social and economic balance. Ports play a significant role in increasing the welfare of local communities and providing job opportunities. This article highlights the pivotal role of the maritime sector in reducing poverty by generating employment and creating economic value. The employment opportunities and economic value provided by ports play a crucial role in poverty reduction. Using a literature review, the economic significance of ports in Singapore, Norway, Bangladesh, Indonesia, and Nigeria is examined, emphasizing the strength and impact of the maritime sector. These success stories, including Singapore's global trade role, Norway's sustainable maritime practices, Bangladesh's economic development through ports, Indonesia's potential for maritime sector development for growth, and Nigeria's poverty alleviation efforts through ports, are just a few examples. Successful instances underscore the potential of the maritime sector in reducing poverty. By combining economic growth, environmental sustainability, and social inclusivity, this sector can serve as a significant tool in combating poverty.

References

  • Askari, H. R., Bushra, R. T., & Hossain, M. N. (2021). The Maritime Sector in the Economic Development of Bangladesh. Bangladesh Maritime Journal, 5(1), 111-126.
  • Bari, A. (2017). Our Oceans And The Blue Economy: Opportunities And Challenges. Procedia Engineering, 5-11. Beaton, K., & Hadzi-Vaskov, M. (2017). Panama’s Growth Prospects: Determinants and Sectoral Perspectives. IMF Working Papers.
  • CEPAL. (2014). The Panama Canal Turns 100: History and Possible Future Scenarios. United Nations, ECLAT. International Monetary Fund. Asia and Pacific Dept. (2013). Bangladesh: Poverty Reduction Strategy Paper. IMF Staff Country Reports.
  • International Monetary Fund. Western Hemisphere Dept. (2023). Panama’s Growth Story. IMF Staff Country Reports.
  • International Trade Administration. (2022, September 12). Norway - Country Commercial Guide. Retrieved from Norway - Shipping, Maritime Equipment & Services: https://www.trade.gov/country-commercial-guides/norway-shipping-maritime-equipment-services
  • MINDEF Singapore. (2018, April 19). Fact Sheet: Safeguarding Singapore's Maritime Trade and Industry. Retrieved from https://www.mindef.gov.sg/web/portal/mindef/news-and-events/latest-releases/article-detail/2018/april/19apr18_fs/
  • MOE Singapore. (2023, April 14). Maritime. Retrieved from Ministry of Education: https://www.moe.gov.sg/sgis/sponsoring-organisations/industries/maritime#:~:text=The%20maritime%20industry%20in%20Singapore,7%25%20of%20our%20country's%20GDP.
  • MPA Singapore. (2023, November 10). Global Connectivity. Retrieved from https://www.mpa.gov.sg/regulations-advisory/maritime-singapore/what-maritime-singapore-offers/global-hub-port#:~:text=It%20is%20the%20focal%20point,million%20TEU%20handled%20in%202022.
  • Munim, Z., & Schramm, H. J. (2018). The Impacts of Port Infrastructure and Logistics Performance on Economic Growth: The Mediating Role of Seaborne Trade. Journal of Shipping and Trade volume, 3(1).
  • OECD. (2020). Environment at a Glance 2020. Paris: OECD Publishing.
  • OECD. (2021). Sustainable Ocean Economy Country Diagnostics of Indonesia. DCD(2021)5.
  • OECD/ILO. (2017). Engaging Employers in Apprenticeship Opportunities. Paris: OECD Publishing.
  • Onikosi-Alliyu, S. O. (2022). Impact Of Seaport On Economic Growth In Nigeria. KASU Journal Of Economics And Department Studies (KJEDS), 9(1), 139-156.
  • Sabonge, R. (2014). The Panama Canal Expansion: A Driver of Change for Global Trade Flows. ECLAC.
  • Shamsuzzaman, M., Mozumder, M. M., Mitu, S. J., Ahamad, A. F., & Bhyuian, S. (2020). The Economic Contribution of Fish and Fish Trade in Bangladesh. Aquaculture and Fisheries, 5(4), 174-181.
  • Ugochukwu, O. A., & Chijioke, J. E. (2015). Binding Constraints to Inclusive and Job-Rich Growth In Nigeria: A Review of Macro and Sector Policies and Strategies . International Laour Organization.
  • UNCTAD. (2018). Review Of Maritime Transport. New York and Geneva: United Nations.
  • UNCTAD. (2021). Review of Maritime Transport 2021. New York and Geneva: United Nations.
  • UNCTAD. (2022). PART III - Case Studies, Good Practices and Lessons Learned - Case Study 13: Port of Lagos, Nigeria. In Building Capacity to Manage Risks and Enhance Resilience. Geneva: United Nations Conference on Trade and Development.
  • UNCTAD. (2022). Review of Maritime Transport 2022: Navigating Stormy Waters. Geneva: United Nations.
  • UNCTAD. (2023). Review of Maritime Transport 2023: Towards a Green and Just Transition. Geneva: United Nations.
  • World Bank. (2021). Oceans for Prosperity: Reforms for a Blue Economy in Indonesia. Washington, D.C.: The World Bank.

Limanlardan Refaha: Yoksulluğun Azaltılması İçin Denizcilik Sektöründen Yararlanmak

Year 2023, Volume: 3 Issue: 2, 99 - 109, 29.12.2023
https://doi.org/10.58771/joinmet.1402658

Abstract

Denizcilik sektörü, ekonomik gelişimi, çevresel korumayı ve sosyal katılımı entegre etme potansiyeline sahiptir ve ülkelerin ekonomik büyümesine katkı sağlamanın yanı sıra sosyal ve ekonomik dengenin sağlanmasında önemli bir unsurdur. Limanlar, yerel toplulukların refahını artırma ve iş imkanları sunma konusunda önemli bir rol oynamaktadır. Bu makale, denizcilik sektörünün, iş yaratma ve ekonomik değer üretme yeteneğiyle yoksulluğu azaltmada kilit bir rol oynadığını ortaya koymaktadır. Limanların sağladığı iş olanakları ve ekonomik değer, yoksulluğun azaltılmasında önemli bir rol oynamaktadır. Makalede literatür taraması yöntemi kullanılarak; Singapur, Norveç, Bangladeş, Endonezya ve Nijerya’daki limanların ekonomik önemi incelenmekte ve denizcilik sektörünün gücü ve etkisi vurgulanmaktadır. Singapur’un küresel ticaretteki rolü, Norveç’in sürdürülebilir denizcilik uygulamaları, Bangladeş’in limanlardaki ekonomik gelişimi, Endonezya’nın kalkınma için denizcilik sektöründeki potansiyeli ve Nijerya’nın limanlar aracılığıyla yoksullukla mücadele çabaları bu başarı öykülerinden sadece birkaçıdır. Başarılı örnekler, denizcilik sektörünün yoksulluğun azaltılmasındaki potansiyelini ortaya koymaktadır. Bu sektör, ekonomik büyümeyi, çevresel sürdürülebilirliği ve sosyal kapsayıcılığı bir araya getirerek yoksullukla mücadelede önemli bir araç olabilir.

References

  • Askari, H. R., Bushra, R. T., & Hossain, M. N. (2021). The Maritime Sector in the Economic Development of Bangladesh. Bangladesh Maritime Journal, 5(1), 111-126.
  • Bari, A. (2017). Our Oceans And The Blue Economy: Opportunities And Challenges. Procedia Engineering, 5-11. Beaton, K., & Hadzi-Vaskov, M. (2017). Panama’s Growth Prospects: Determinants and Sectoral Perspectives. IMF Working Papers.
  • CEPAL. (2014). The Panama Canal Turns 100: History and Possible Future Scenarios. United Nations, ECLAT. International Monetary Fund. Asia and Pacific Dept. (2013). Bangladesh: Poverty Reduction Strategy Paper. IMF Staff Country Reports.
  • International Monetary Fund. Western Hemisphere Dept. (2023). Panama’s Growth Story. IMF Staff Country Reports.
  • International Trade Administration. (2022, September 12). Norway - Country Commercial Guide. Retrieved from Norway - Shipping, Maritime Equipment & Services: https://www.trade.gov/country-commercial-guides/norway-shipping-maritime-equipment-services
  • MINDEF Singapore. (2018, April 19). Fact Sheet: Safeguarding Singapore's Maritime Trade and Industry. Retrieved from https://www.mindef.gov.sg/web/portal/mindef/news-and-events/latest-releases/article-detail/2018/april/19apr18_fs/
  • MOE Singapore. (2023, April 14). Maritime. Retrieved from Ministry of Education: https://www.moe.gov.sg/sgis/sponsoring-organisations/industries/maritime#:~:text=The%20maritime%20industry%20in%20Singapore,7%25%20of%20our%20country's%20GDP.
  • MPA Singapore. (2023, November 10). Global Connectivity. Retrieved from https://www.mpa.gov.sg/regulations-advisory/maritime-singapore/what-maritime-singapore-offers/global-hub-port#:~:text=It%20is%20the%20focal%20point,million%20TEU%20handled%20in%202022.
  • Munim, Z., & Schramm, H. J. (2018). The Impacts of Port Infrastructure and Logistics Performance on Economic Growth: The Mediating Role of Seaborne Trade. Journal of Shipping and Trade volume, 3(1).
  • OECD. (2020). Environment at a Glance 2020. Paris: OECD Publishing.
  • OECD. (2021). Sustainable Ocean Economy Country Diagnostics of Indonesia. DCD(2021)5.
  • OECD/ILO. (2017). Engaging Employers in Apprenticeship Opportunities. Paris: OECD Publishing.
  • Onikosi-Alliyu, S. O. (2022). Impact Of Seaport On Economic Growth In Nigeria. KASU Journal Of Economics And Department Studies (KJEDS), 9(1), 139-156.
  • Sabonge, R. (2014). The Panama Canal Expansion: A Driver of Change for Global Trade Flows. ECLAC.
  • Shamsuzzaman, M., Mozumder, M. M., Mitu, S. J., Ahamad, A. F., & Bhyuian, S. (2020). The Economic Contribution of Fish and Fish Trade in Bangladesh. Aquaculture and Fisheries, 5(4), 174-181.
  • Ugochukwu, O. A., & Chijioke, J. E. (2015). Binding Constraints to Inclusive and Job-Rich Growth In Nigeria: A Review of Macro and Sector Policies and Strategies . International Laour Organization.
  • UNCTAD. (2018). Review Of Maritime Transport. New York and Geneva: United Nations.
  • UNCTAD. (2021). Review of Maritime Transport 2021. New York and Geneva: United Nations.
  • UNCTAD. (2022). PART III - Case Studies, Good Practices and Lessons Learned - Case Study 13: Port of Lagos, Nigeria. In Building Capacity to Manage Risks and Enhance Resilience. Geneva: United Nations Conference on Trade and Development.
  • UNCTAD. (2022). Review of Maritime Transport 2022: Navigating Stormy Waters. Geneva: United Nations.
  • UNCTAD. (2023). Review of Maritime Transport 2023: Towards a Green and Just Transition. Geneva: United Nations.
  • World Bank. (2021). Oceans for Prosperity: Reforms for a Blue Economy in Indonesia. Washington, D.C.: The World Bank.
There are 22 citations in total.

Details

Primary Language English
Subjects Maritime Business Administration
Journal Section Research Articles
Authors

Emine Elif Ayhan 0000-0001-6692-0633

Publication Date December 29, 2023
Submission Date December 9, 2023
Acceptance Date December 25, 2023
Published in Issue Year 2023 Volume: 3 Issue: 2

Cite

APA Ayhan, E. E. (2023). From Ports to Prosperity: Leveraging Maritime Sector for Poverty Reduction. Journal of Marine and Engineering Technology, 3(2), 99-109. https://doi.org/10.58771/joinmet.1402658