Abstract

An extensive body of literature has grown up in recent years devoted to the analysis of the causes of what is certainly the most pressing economic issue of our time: the unequal distribution of the world's wealth and income, and in particular what in shorthand may be called ‘the underdevelopment of the Third World’. Tremendous progress has been made by radical as well as more conventional social scientists, and our understanding of the processes of interaction, economic as well as otherwise, between the metropolitan core of western colonial powers and indigenous societies in the periphery has benefited commensurately. Naturally, the debate has tended to focus on the major sectorsinvolved in the processes of economic growth and modernization, agriculture and industry, with infrastructure a poor third. Nevertheless, it is somewhat surprising to observe that what to many students ofEuropean expansion has appeared to constitute the essential element intheir ability to explore, gain access to, and exploit the periphery, hasbeen completely neglected: ocean transport, or to put it differently, themain body of the infrastructure of the world economy. In some ways, no dependence is felt to be so absolute as that of the country that sees itscoastal traffic dominated and its exports carried by foreign-owned ships.

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