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What Shipping Can Tell Us About Europe’s Efforts to Face the Risk of COVID-19-Induced ‘Japanification’

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  • Theodore Pelagidis
  • Hercules Haralambides

Abstract

Shipping leads the ‘dance’ on the way up and if this is indeed true, the post-COVID-19 economic recovery should not be long, if one is to judge from the relative prosperity of containerised shipping as of Q2, 2020. Most EU member states may face a new risk ahead: ‘Japanification’, an unwillingness to increase household spending and often business expenditure/demand, along with the inability of monetary policy to balance savings and investments. When things get better, and the COVID-19 infection curve flattens close to zero, European leaders will have to come up with new ideas on the rebirth of the European dream, if they want to prevent a new round of authoritarianism and populism throughout Europe.

Suggested Citation

  • Theodore Pelagidis & Hercules Haralambides, 2020. "What Shipping Can Tell Us About Europe’s Efforts to Face the Risk of COVID-19-Induced ‘Japanification’," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 21(3), pages 29-40, July.
    • Handle: RePEc:wej:wldecn:804
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=804
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    Cited by:

    1. Theo Notteboom & Thanos Pallis & Jean-Paul Rodrigue, 2021. "Disruptions and resilience in global container shipping and ports: the COVID-19 pandemic versus the 2008–2009 financial crisis," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(2), pages 179-210, June.
    2. Laurent Fedi & Oliver Faury & Patrick Rigot-Muller & Nicolas Montier, 2022. "COVID-19 as a catalyst of a new container port hierarchy in Mediterranean Sea and Northern Range," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(4), pages 747-777, December.

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