3 Review(s)

The "Manual of Ship Subsidies" by Edwin M. Bacon serves as a comprehensive guide to the complex world of maritime subsidies. It delves into the various forms of financial assistance provided by governments to support their shipping industries. The book outlines the historical context and the economic implications of these subsidies, providing readers with a clear understanding of how they influence global trade and shipping practices. Bacon's meticulous research and insightful analysis make this manual an essential resource for policymakers, economists, and maritime professionals alike.***In addition to its thorough examination of subsidies, the manual also discusses the legal frameworks and international agreements that govern maritime subsidies. Bacon highlights the challenges and controversies surrounding these financial aids, including issues of fairness and competition in the shipping market. By presenting case studies and real-world examples, the book illustrates the impact of subsidies on both national economies and international relations. Overall, Bacon's work is a vital contribution to the literature on maritime economics and policy.