TITLE

Subsidies and cabotage strangle shipping

AUTHOR(S)
Baird, Neil
PUB. DATE
October 2011
SOURCE
Ausmarine;Oct2011, Vol. 33 Issue 12, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the latest developments in the maritime industry in Australia as of October 2011. He criticizes the government assistance given to the industry, including subsidies, entry restrictions and tax holidays, as detrimental to the true, open and fair markets. He cites as example the case of the U.S. shipbuilding industry, which has become the least competitive industry from being a hyper-efficient sector due to the misuse of government incentives.
ACCESSION #
67156805

 

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