Global Shipbuilding Industry and China's Rise

The chapter explores the historical dominance of key countries in shipbuilding such as the UK, Europe, Japan, and South Korea, shifting towards China's strategic focus on becoming the world's largest shipbuilding country by 2015. It discusses the concept of 'infant industry' in shipbuilding, where government support through industrial policy and subsidies can enhance global competitiveness. The chapter delves into China's specific policy tools like entry incentives, subsidies, and strategies that led to exponential growth and significant disparity in shipyard expansion compared to other major producing countries.