THE IMPACT OF THE DISRUPTIONS OF THE GLOBAL CHECK POINTS ON THE SEABORNE TRADE
THE IMPACT OF THE DISRUPTIONS OF THE GLOBAL CHECK POINTS ON THE SEABORNE TRADE

Author(s): Svetlana Dimitrakieva, Christiana Atanasova
Subject(s): Economy, Energy and Environmental Studies, Financial Markets, Transport / Logistics
Published by: Национално издателство за образование и наука „Аз-буки“
Keywords: checkpoints; channels; natural disasters; piracy; disruptions; geopolitical conflicts
Summary/Abstract: The paper aims to analyze the impact of meteorological and geopolitical disruptions on the main shipping checkpoints. Globalization is predicated on the free international movement of goods, essential for international trade. Those goods’ delivery relies on specific trade routes and checkpoints, which have always been critical passages for the carriage of goods by sea. On the other hand, any disruption at those checkpoints can have detrimental consequences for the global economy. Any disruption can significantly impact global trade, leading to delays, increased shipping costs, and potential shortages of goods. The impact of those disruptions could also create substantial economic damages, as those passages are crucial for planning for the future and will always be a primary global concern. Although the checkpoints provide a lot of economic advantages, their vulnerability and the lack of physical security invariably endanger shipping and international trade.

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