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State Regulation As Institutional Presumption Of Maritime Development In The World


  • Dragan Radovic


The maritime industry is a key sector in Europe in terms of employment, creating value added, innovation and infrastructural development and long term development strategy. Maritime traffic, transport and transshipment of goods, associated logistical services and the use of maritime resources are vital for the survival of European industry. Such position is based on: a) the need to set up an integrated European transport system, b) the maritime industry's contribution to ecological renovation of economic system, c) the future importance of maritime sector in an industrial policy context and d) the fact that the importance of employment policy extends far beyond Europe's coastal regions. Development of maritime in the European Union, especially development of the port sector, is still institutionally dependent on state intervention. Particularly important (or: significant) practical example is the Chinese challenge. In the future years it may be a decisive factor in determining the competitive situation, given the immense efforts of Chinese government to develop shipbuilding and maritime in general. Aim of this study is to analyze the trends of state regulation of the maritime industry in Europe and worldwide. Its hypothesis is that the Chinese and European experience in state regulation of maritime industry may be useful exemplary models for strengthening the institutional development of Montenegrin maritime assumptions and its adjustment to the modern world and European trends

Suggested Citation

  • Dragan Radovic, 2012. "State Regulation As Institutional Presumption Of Maritime Development In The World," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(3), pages 141-151.
  • Handle: RePEc:mje:mjejnl:v:8:y:2012:i:3:p:141-151

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