Effect of Globalization on International Ocean Transportation

Your topic and thesis statement are due in week 4 and must be approved by the instructor before proceeding with the paper. The requirements of this paper include a table of contents, 6-8 numbered pages of text, numbered pages and a bibliography. The research paper requires at least 8 references.
Effect of Globalization on International Ocean Transportation
Introduction
Throughout history, shipping has been a critical human activity especially in cases where development depended mainly on global and interregional business. This importance has led to transportation being branded as one of the four pillars of globalization, alongside international standardization, trade liberalization and communication. As a result of the technological, economic, and socio-cultural factors, it is hard to find a nation that has cushioned itself from the economic activities of the neighboring nations. The decision by nations to open its borders for international trade has the capacity of increasing the economic prospects of the concerned nation. The increased flow of goods and knowledge across continental borders is what is referred to as globalization. Globalization is seen as having a positive or negative effect on international stability, the environment and sustainable development. This paper discusses the effect of globalization on ocean transportation especially in relation to how the maritime industry has been forced to transform its technologies over the years to meet the arising demands of globalization.