Paper Abstract
A 30 page paper the effects of privatization on the operations and productivity of many of the world's ports. One aspect of increased globalization has been to illustrate in clear terms the benefits of competition and free-market conditions, and the same principles apply to port operation. It behooves national governments to establish conditions conducive to economic development, but those conditions are not limited to favorable tax structures and providing an educated workforce. Privatization of ports is a factor not often recognized as being necessary for economic growth, but this paper demonstrates that today's most prosperous developing nations are those whose international ports have been privatized and now operate under the flag of competition, efficiency and free trade. Bibliography lists 18 sources.
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