Epilogue: A Key Industry or an Invisible Industry?
The title of this volume presents shipping as ‘the world’s key industry’, but this primarily reflects the insiders’ view of the role of shipping. In mainstream economic history and economics, however, another, less advantageous epithet would be more fitting, namely ‘the invisible industry’. Maritime transport has never played a central role in the main academic debates of economic history or economics.3 At the same time, all the chapters in this volume have shown that shipping has been crucial to the emergence of a global economy.
KeywordsEconomic History Shipping Industry Freight Rate Maritime Transport Maritime Industry
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