TITLE:
The Principles of the Seaborne Trade and the Determining Factors of the Demand for Ship Space
AUTHORS:
Alexandros M. Goulielmos
KEYWORDS:
The Main Determinants of the Seaborne Trade, The Global Imports & Exports, The Regressions of GDP on Imports, Exports, Population and Land Area, The 5 Adventures of the Seaborne Trade—Since 2009, The CIF Prices
JOURNAL NAME:
Modern Economy,
Vol.15 No.3,
March
27,
2024
ABSTRACT: We have presented the impact on Seaborne Trade of globalization, of
international mobility of the Manufacturing towards the East, of the
international demand for iron-ore, steel & energy, of the demography &
of the global financial crisis, which took
place in 2009-2018. The main components of the Seaborne Trade, i.e., exports, imports and the balance of trade, were analyzed in
depth using quantities, and presenting them in diagrams, beginning in 2004—where an exceptional global growth started2003.
We did not fail, however, to
update our data2011-2020. Our quantitative contribution is
considered to be the use/presentation of a simple statistical tool, (a
two-variable linear regression), to test the assumed correlations between 1) GDP, 2) land area, 3) population, & 4) imports, as well as the
influence of GDP on Exports. Moreover, we tested the theory that “when one
country imports a lot—compared with its exports—it means…
that it lacks natural endowments”! The gifted countries/areas for exports found: the “Middle East” (as one area), Australia, Indonesia, and the “East
Coast of South America”, plus 31 others1. Thanks God, the “gifted
trading nations”, which were prone to
export more, made the majority of the nations (61%) out of a total of 57 countries,
which appeared in our study!