Political risk assessment of five East Asian ports—the viewpoints of global carriers |
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| Institution: | 1. Department of Marketing, National ChungHsing University, 250 Kuo-Kuang Road, Taichung 402, Taiwan;2. Kaohsiung Harbor Bureau, Ministry of Transportation and Communications, Taiwan;1. CEA-CNRS-UVSQ UMR 8212, IPSL/LSCE (Laboratoire des Sciences du Climat et de l''Environnement), L''Orme des Merisiers, 91191 Gif-sur-Yvette Cedex, France;2. NCSR “Demokritos”, Institute of Nuclear & Radiological Sciences & Technology, Energy & Safety (INRASTES), Environmental Radioactivity Laboratory, 15310 Athens, Greece;1. China Nuclear Power Design Co., Ltd. (Shenzhen) of China General Nuclear Power Group, Shenzhen, Guangdong, 518172, China;2. China Nuclear Power Engineering Co., Ltd. of China General Nuclear Power Group, Shenzhen, Guangdong, 518120, China;1. Transportation College, Jilin University, Changchun, 130022, PR China;2. School of Mechanical Engineering, Shandong University, Jinan, 250061, PR China;3. College of Biological and Agricultural Engineering, Jilin University, Changchun, 130022, PR China;4. Key Laboratory of Traffic Safety on Track of Ministry of Education, School of Traffic and Transportation Engineering, Central South University, Changsha, 410000, China;5. State Key Laboratory of Automotive Simulation and Control, Jilin University, Changchun, 130022, PR China;6. School of Electrical and Information Engineering, Jinan University (Zhuhai Campus), Zhuahi, 519070, China;7. Institute of Systems Engineering, Macau University of Science and Technology, Macau, 999078, China;1. Department of Economics, Yokohama National University, 79-3 Tokiwadai, Hodogaya-ku, Yokohama 240-8501, Japan;2. Department of Economics, Otaru University of Commerce, 3-5-21 Midori, Otaru, Hokkaido, 047-8501, Japan |
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| Abstract: | This study develops a port-to-port comparative political risk assessment and conducts a case study of the political environment evaluations of five East Asian ports: Hong Kong, Singapore, Busan, Kaohsiung and Shanghai. This system approach consists of political risk factor identification, risk measurement and assessment processes using the three methods of Delphi, analytic hierarchy process and Ward's clustering. Fifteen high-ranking managers from five leading global carriers present their viewpoints for analysis. The empirical case concluded that political risk was a strong indictor for the business environments of the host ports. Jointly, the micro-risks resulting from the port development and management policies were considered to be more significant than the macrorisks from the integrated political and economics conditions. Political risks of the five host ports were assessed as ranging from 0.17 to 0.38, so these ports were considered to be politically secure for the global carrier business. Finally, the five ports were statistically clustered into three groups to signify the differences in their political environments. |
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