Why Ship Breaking is an Export for Developed Countries and an Import for those which are Underdeveloped: Asbestos Makes a Difference.

January 6, 2022

Ship breaking (scrapping) is a classic situation of developed countries (in World Systems terminology, “core states”) sucking up the good parts of technology, production, capital, and profits, while exporting the bad parts to lesser developed areas of the world (“periphery states”) willing to accept what the core countries allow, in exchange for taking risks otherwise…
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