PROSPECTS FOR PORTS IN SOUTHEAST ASIA: RISING TO THE CHALLENGES OF CHINA'S EMERGENCE AS AN ECONOMIC SUPERPOWER
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Abstract
The emergence of China as an economic superpower has boosted global trade tremendously. Southeast Asia, a major trading partner of China, stands to benefit from the Iatter's huge demand for commodities and merchandized goods. This paper traces the impacts that China's rise has had on the development of ports in the region and evaluates the impending challenges that these sectors will face in the face of increasing trade fuelled b the thrust of China's economic progress. It argues that to tap into China’s booming trade, ports in the region need to increase their level of competitiveness and the shipping sector needs to expand in tandem to facilitate greater containerized transportation going into and coming out of China. This paper aims to provide an outlook on the challenges and prospects for ports in Southeast Asia (SEA) in relation to China’s continued economic growth to facilitate greater trade between the region and the worlds newest emerging superpower. "I have witnessed the tremendous energy of the masses. On this foundation, it is possible to accomplish any task whatsoever" (Mao Zedong)
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