An overview of the shipping repair industry in America and how it deals with the opportunities and threats within the economy.
Written in 2008; 1,059 words; 6 sources; APA; $ 37.95
Paper Summary:
This paper examines how the shipping repair sector is affected by many macroeconomic variables, since it plays a vital role in transportation, which acts as a liaison for international trade and growth sectors. The paper looks at how changes in macroeconomic policies have a direct impact on the activities within the shipping sector and how the interconnectedness of this particular industry makes it important to the overall sustenance and development of the economy.
Outline:
Overview of the Shipping Repair Industry
Macroeconomic Variables that Affect the Shipping Repair Industry
From the Paper:
"Ship repair activities make a substantial contribution to most economies that they are a part of. In fact, the United States (U.S.) ship repair sector in 2001 contributed to the economy by increasing U.S. output by $11 billion, creating over 147,000 jobs, increasing personal income by $9.4 billion, and increasing tax revenues by $3.4 million, (LECG, 2002, p.1). There are some key industry related activities that affect the ship repair industry. These variables in turn are connected to various macroeconomic variables, (Ocean Shipping Consultants, 2002, p.1). "
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