Maritime Industry

Paper Summary:

Discusses the Merchant Marine industry and international trade. Cargo of merchant vessels. General purpose & specialized cargos. Maritime law and wages & relation to economic theory. Work environment aboard ships. International population of maritime industry. Theory of wage subsidies. Economic argument re: minimum wage; relation to ships country of origin.

From the Paper:

"Introduction
International trade has received much attention recently as the impact of the Internet and other advances in technology and shipping have made it possible to ship goods throughout the world effectively and efficiently. However, international trade has been in existence for thousands of years, and as nations began shipping goods on the high seas (an efficient way to transport large quantities of goods over long distances), problems began to arise. If a ship flying a Greek flag with a Spanish captain and Portuguese crew carrying a cargo from Italy encountered problems in a French port, which nation's laws should have jurisdiction? It was from this need to regulate and protect international shipping that maritime law was developed. The tradition and regulations associated with maritime law remain in force to this day, and maritime law ..."

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