IDEAS home Printed from https://ideas.repec.org/a/ntu/ntugeo/vol2-iss2-14-076.html

Major Projects That Influence World Trade

Author

Listed:
  • George Cornel Dumitrescu

    (Finance and Accounting Department, Nicolae Titulescu University, Bucharest, Romania)

Abstract

In 1869, with the opening of the Suez Canal, world trade entered a new era of development. The commercial routes linking the Far East to the western countries were shortened considerably as compared to the maritime corridor around the Cape of Good Hope. In 1914, the opening of the Panama Canal sealed the new deal in world trade, opening for business the shortest commercial routes around the world. After 145 years from the inauguration of the Suez Canal, world trade is on the eve of a new expansion. Two major projects: the expansion of both the Suez and Panama canals, planned to be completed in the next two years, will double their transit capacity. This paper does a comparative analysis of these two strategic projects, underlining the main benefits for Egypt, Panama and world trade, based on the available statistical data, reports and literature in the field.

Suggested Citation

  • George Cornel Dumitrescu, 2014. "Major Projects That Influence World Trade," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(2), pages 76-84, November.
    • Handle: RePEc:ntu:ntugeo:vol2-iss2-14-076
    as

    Download full text from publisher

    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_010.pdf
    File Function: First version, 2014
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Feyrer, James, 2021. "Distance, trade, and income — The 1967 to 1975 closing of the Suez canal as a natural experiment," Journal of Development Economics, Elsevier, vol. 153(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jules Hugot and Camilo Umana-Dajud & Camilo Uma�a-Dajud, 2017. "Trade Costs and the Suez and Panama Canals," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-33.
    2. Chen, Shuo & Li, Jianan & Yao, Qin, 2024. "Canal and trade: Transportation infrastructure and market integration in China, 1780–1911," Journal of Comparative Economics, Elsevier, vol. 52(4), pages 793-812.
    3. Kazunobu Hayakawa & Hiroshi Mukunoki, 2023. "The magnification effect in global value chains," Review of International Economics, Wiley Blackwell, vol. 31(1), pages 141-157, February.
    4. Gang Chen & Xue Dong & Patrick Minford & Guanhua Qiu & Yongdeng Xu & Zequn Xu, 2022. "Computable General Equilibrium Models of Trade in the Modern Trade Policy Debate," Open Economies Review, Springer, vol. 33(2), pages 271-309, April.
    5. Stephan Maurer & Ferdinand Rauch, 2023. "Economic geography aspects of the Panama Canal," Oxford Economic Papers, Oxford University Press, vol. 75(1), pages 142-162.
    6. Keith Head & Yao Amber Li & Asier Minondo, 2019. "Geography, Ties, and Knowledge Flows: Evidence from Citations in Mathematics," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 713-727, October.
    7. repec:spo:wpmain:info:hdl:2441/58gkob9fur9g692gbiqnqb3mdj is not listed on IDEAS
    8. Ngoc Thien Anh Pham & Nicholas Sim, 2020. "Shipping cost and development of the landlocked developing countries: Panel evidence from the common correlated effects approach," The World Economy, Wiley Blackwell, vol. 43(4), pages 892-920, April.
    9. Narcisse Cha'ngom & Christoph Deuster & Frédéric Docquier & Joël Machado, 2025. "Selective Migration and Economic Development: A Generalized Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(4), pages 1713-1732, October.
    10. Luigi Pascali, 2017. "The Wind of Change: Maritime Technology, Trade, and Economic Development," American Economic Review, American Economic Association, vol. 107(9), pages 2821-2854, September.
    11. Siewers, Samuel & Martínez-Zarzoso, Inmaculada & Baghdadi, Leila, 2024. "Global value chains and firms’ environmental performance," World Development, Elsevier, vol. 173(C).
    12. Lin, Faqin, 2015. "Learning by exporting effect in China revisited: An instrumental Approach," China Economic Review, Elsevier, vol. 36(C), pages 1-13.
    13. Friebel, Guido & Manchin, Miriam & Mendola, Mariapia & Prarolo, Giovanni, 2018. "International Migration Intentions and Illegal Costs: Evidence from Africa-to-Europe Smuggling Routes," IZA Discussion Papers 11978, IZA Network @ LISER.
    14. Salamat Ali & Richard Kneller & Chris Milner, 2017. "Market-specific trade costs and firm dynamics in Pakistan: Evaluating the US integrated cargo containers control programme," Discussion Papers 2017-02, University of Nottingham, GEP.
    15. Pierre Cotterlaz, 2021. "Three essays on spatial frictions [Trois essais sur les frictions spatiales]," Sciences Po Economics Publications (main) tel-03436173, HAL.
    16. Jan David Bakker & Stephan Maurer & Jörn-Steffen Pischke & Ferdinand Rauch, 2021. "Of Mice and Merchants: Connectedness and the Location of Economic Activity in the Iron Age," The Review of Economics and Statistics, MIT Press, vol. 103(4), pages 652-665, October.
    17. Söderlund, Bengt, 2020. "The Importance of Business Travel for Trade: Evidence from the Liberalization of the Soviet Airspace," Working Paper Series 1355, Research Institute of Industrial Economics.
    18. Redding, Stephen, 2020. "Trade and Geography," CEPR Discussion Papers 15268, Centre for Economic Policy Research.
    19. Nicolas Berman & José de Sousa & Philippe Martin & Thierry Mayer, 2013. "Time to Ship during Financial Crises," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 9(1), pages 225-260.
    20. Jules Hugot & Camilo Umana Dajud, 2017. "Breaking Away from Icebreakers: The Effect of Melting Distances on Trade and Welfare," Working Papers 2017-24, CEPII research center.
    21. Evgenii Monastyrenko & Pierre M. Picard, 2023. "Welfare implications of trade sanctions against Russia," DEM Discussion Paper Series 23-19, Department of Economics at the University of Luxembourg.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntu:ntugeo:vol2-iss2-14-076. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Ciucu The email address of this maintainer does not seem to be valid anymore. Please ask Stefan Ciucu to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feuntro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.