Nobody downloaded yet

The impact of privatisation on port efficiency - Coursework Example

Comments (0) Cite this document
Summary
Thus, due to capital intensive characteristics of liner shipping and the ongoing growth and development of containerisation transport, there is a need to use full capacity of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
The impact of privatisation on port efficiency
Read TextPreview

Extract of sample
"The impact of privatisation on port efficiency"

Download file to see previous pages For instance, at a macroeconomic level, port efficiency has been discovered to be an integral element in determining a country’s global competitiveness and trade prospects because it make exportation cheaper and thus, making the country’s products competitive in international markets (Culline, 2010; Park and De 2004). For this reason, governments are recognising the imperativeness of port efficiency both at the macro and micro economic levels and have started taking radical measures such as privatisation to improve their performance. This literature review examines the impact of privatisation on the efficiency of ports by examining empirical evidence and theoretical framework.
In academic studies, the concept of efficiency has been used to evaluate the performance. In port literature, Wang and Knox (2011); Talley (2009) discusses three types of port efficiency, which include technical, overall and allocative efficiency. Technical efficiency is achieving the greatest productivity at the least cost possible while allocative efficiency is the production of goods and services that are demanded by customers. On the other hand, overall efficiency is the efficiency achieved when both allocative and technical efficiency are maximised and exist. For the purpose of this literature, all types of efficiency will be considered to determine the impact privatisation has on the efficiency of ports.
According to Baird (2002), public ports are perceived to be inefficient because they are managed by government hierarchies and thus, suffer from disincentivisation, lack of clarity in operational responsibility and corporate objectives, goals displacement and excessive ministerial intervention (Demirel, Cullinane and Haralambides, 2011). Thus, as much as the role of the public in management of port facilities is inevitable and remains significant, it is imperative to recognise that privatisation of port facilities helps overcome the limitations of traditional, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The impact of privatisation on port efficiency Coursework”, n.d.)
The impact of privatisation on port efficiency Coursework. Retrieved from https://studentshare.org/professional/1677478-the-impact-of-privatisation-on-port-efficiency
(The Impact of Privatisation on Port Efficiency Coursework)
The Impact of Privatisation on Port Efficiency Coursework. https://studentshare.org/professional/1677478-the-impact-of-privatisation-on-port-efficiency.
“The Impact of Privatisation on Port Efficiency Coursework”, n.d. https://studentshare.org/professional/1677478-the-impact-of-privatisation-on-port-efficiency.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Port strategy
...?Port Strategy Table of Contents Port Strategy Introduction 3 Global and Integrated Port Services (Scope and Practice) 4 Strategies of Major Port Operators 6 HHLA (Hamburger Hafen und Logistik AG) 7 Evolution of HHLA 7 Motives behind Restructuring of HHLA 8 PSA (Port of Singapore Authority) 8 Evolution of PSA 8 Motives behind Restructuring of PSA 9 ABP (Associated British Ports) 10 Evolution of ABP 10 Motive behind Restructuring of ABP 10 Perception of Port Authorities towards Restructuring 10 Impact of Restructuring on The Efficiency of Port Industry 11 Conclusion 12...
8 Pages(2000 words)Essay
Port Management
...?Table of contents 0 Port Management 1. Introduction 2.0 Benefits of port reform 2 Forms of port reform strategy 2 1 Commercialization 2 2 Deregulation and elimination 2.1.3 Corporatization 2.1.4 Privatization 2.1.5 Modernization of port authority 3.0 Burdens of port reform 4.0 Conclusion Port Management 1.0 Introduction During the last two centuries, ports tended to serve as instruments of colonial or state powers, and port access and egress served as a markets control strategy. There was minimal competition between ports and port-related costs were very low compared to...
8 Pages(2000 words)Essay
Royal Mail Privatisation
...Europe is quite troublesome. Whereas it is understood by this author that the status quo was not able to be engaged further, due to the economic losses and hardship within the United Kingdom's economy, seeking to radically redefine the way in which post and parcel service is carried out could have far-reaching and possibly disastrous impacts upon not only the end consumer, but also the viability and efficiency of the entire system. Naturally, the focus of the shareholders will be specific to levels of profitability; whereas the focus upon quality of service and/or universal service will necessarily fall to a secondary or tertiary level of importance. References Baker, R 2012, 'Rise in 'junk mail'...
6 Pages(1500 words)Essay
Privatisation
...usefully do in this area. There are basically three aspects that can justify privatisations: finance, information, and control. The financing of government is influenced by privatisation. The government hoists finance in the process of setting out of possessions; firms are free to raise finance from capital markets. Information is of significance in setting prices. Competition guarantees that prices are consistent with proficient allocation of resources and lowest costs of supply. Even in the paucity of competition it has been recommended that privatisation may allow prices to be compulsory that support greater efficiency of supply. Where price mechanisms alone are not...
8 Pages(2000 words)Essay
Port Development and Reform
... use, parks, housing, scenery, and many more.", Para 2, [Internet], Accessed on 02 Feb 2009, Available at ) Busan Port Transportation Research (Busan Development Institute (BDI), n.d,"Develops solutions to address transportation challenges in the metropolitan city. Conducts research on efficient management of the transportation infrastructure, including highways, logistics, the airport and the like to enhance city's international competitiveness.", Para 3, [Internet], Accessed on 02 Feb 2009, Available at ) Busan Port Maritime & Port Research... Port Development And Reform by Ravi Prakash Acedamia Research Presented Acedamic Writing. Freelance Bhusawal, Maharshtra, India. 03 Feb 2009. "In this age every body is...
6 Pages(1500 words)Case Study
Privatisation Essay
...tremendously reduced in all the sectors, which have undergone privatization in India (Dwivedi, 2007). Another important advantage of the privatization is the increase in competition or a free market competition. This would ensure higher quality of products, timely delivery of the products, reduce costs over a period of time, no red tape delaying, less corruption, more choices for the customer to choose from etc. When the entire monopoly of a business is with the government it is not possible to measure or compare its efficiency. The government is not bothered about the profit it makes and also the losses. But a private owner would be keenly interested in profits and would make necessary changes in the organization to...
3 Pages(750 words)Essay
Privatisation in UK
...oil in the UK is actually obtaining by driving rapid rainforest destruction in South East Asia. Over 500 UK companies have been trading in palm oil, most for more than a decade now without any UK company law to curb them. Yet despite high profile public campaigns about its impacts, virtually none of these companies can prove that their palm oil is obtained from non-destructive sources. Although the NCP Act allows for no political intervention in the processes leading to the conclusion of the privatisation of an enterprise, there is the requirement under Section 20 Sub section 4 of the NCP Act 2002 that every proposal for divestiture approved by the Commission shall (before implementation) be laid...
6 Pages(1500 words)Essay
Management Efficiency Impact on Performance within CocaCola
...A DISSERTATION PROPOSAL ON MANAGEMENT EFFICIENCY IMPACT ON PERFORMANCE WITHIN COCACOLA By Presented on; Introduction The project is worth undertaking because the problem statement offers us a chance to directly qualify management as an impetus for performance. With the findings, a rationale could be created to design a model management for multinational corporations to enhance performance. The loopholes and strengths once realized can be worked on to create one foolproof system of management that ideally can be used as a template. With the project findings, companies can learn elements of management that can be useful to them in performance enhancing. The study can as well be used to impact further on the company itself. Since... considering...
4 Pages(1000 words)Dissertation
Privatisation
...that the transition from SOE to privatisation will significantly benefit the Russian economy in terms of its competitiveness and efficiency. However, it has been ascertained that the government has been unclear about this transition process. Although the government has already announced certain privatization plans yet it has been observed that the share of SOE is increasing within the economy (Guriev, 2013). At the same time, it has been recognised that the Russian Federal Government aiming at achieving the goal of privatisation may have to face radical challenges primarily arising from the local politicians who are more inclined towards strengthening their political influence rather...
3 Pages(750 words)Essay
The impact of port privatization on economic development in Nigeria
...creating a profitable market version of a public service, making investors attracted to it (Socialistproject.ca, 2014). Privatisation of ports around the globe has had a number of benefits to the economies of the country. For instance, the privatisation of the port of Brisbane Pty Ltd (PBPL) in Australia under 99 year lease has improved the efficiency of operation of the port and turned around the economy of the Queensland through the provision of the Dedicated Freight Rail Corridor (DFRC) that was established under the new form of privatisation. For example, for the financial year ended 2013, the...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Coursework on topic The impact of privatisation on port efficiency for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us