Shanghai appears to be facing enormous challenges in developing into a global logistics center in East Asia owing to the steep competition from Singapore, Hong Kong and Busan. These cities share geographical features primarily with regard access, and they are known to host the top five international seaports in the Asian continent. Their strategic location has been found to be one of the most significant features which have enabled the Asia-Pacific Region, primarily East Asia to experience extensive expansion in global logistics and business leaders in the Asian continent. For instance, Singapore’s logistic capabilities have enabled it to become a global hub for foreign multinational corporations. It has also experienced logistic development in transportation, financial, commercial and telecommunication sectors.
On the other hand, Hong Kong has been experiencing extensive economic development owing to the impacts of globalization and urbanization which seem to have enhanced its logistic capabilities. It is believed that Busan, Korea’s second largest city does not pose great competition to Shanghai as it is the case with Singapore and Hong Kong. However, its rapid expansion in the recent years implies the advancement of its logistic capabilities, so it may become a significant competitor as a global logistics center in the region. Economic models indicate that Shanghai possess a competitive advantage in global logistics, owing to its expansion in the hospitality industry which seem to have attracted foreign multinational corporations. It is predicted that Shanghai will win in competition with Busan, Hong Kong and Singapore as a global logistics center if its logistic strategies are implemented. It is also favored by the current wave of globalization because it has seemingly become one of the most preferred destinations by foreign investors.
Therefore, this research paper will discuss several ways on how Shanghai can win in competition with Singapore, Hong Kong and Busan as a global logistics center in the next decade.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Shanghai's Developmental Strategies to win Hong Kong
- Shanghai's Developmental Strategies to Win Singapore
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research paper explores how Shanghai can surpass Singapore, Hong Kong, and Busan as a global logistics hub within the next decade. The paper examines Shanghai's competitive advantages and developmental strategies in the context of the evolving global logistics landscape in East Asia.
- Shanghai's competitive advantages in global logistics
- The impact of Shanghai's free-trade zone plan on its competitiveness
- The challenges posed by Singapore and Hong Kong as established logistics hubs
- The role of globalization and foreign investment in Shanghai's development
- The importance of logistics infrastructure and services in fostering economic growth
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: The introduction highlights the intense competition among Shanghai, Singapore, Hong Kong, and Busan to become the dominant global logistics hub in East Asia. It emphasizes the strategic location of these cities and their access to major seaports as key factors driving their growth. The introduction also notes Singapore's established role as a global hub for multinational corporations and Hong Kong's economic development fueled by globalization and urbanization.
- Shanghai's Developmental Strategies to win Hong Kong: This section delves into the rivalry between Shanghai and Hong Kong, both of which have historically been significant economic players in the region. It emphasizes Hong Kong's earlier dominance in logistics and how Shanghai's recent advancements, particularly its free-trade zone plan, pose a challenge to Hong Kong's position. The section also points out Hong Kong's declining competitiveness due to factors such as declining property markets and its reliance on China's economic growth.
- Shanghai's Developmental Strategies to Win Singapore: This section explores the strategies Shanghai is employing to reduce the pressure from Singapore, which has established itself as a regional logistics hub by attracting multinational corporations. The section highlights Singapore's resilient economic growth and its development as a regional hub for trading, transportation, and financial activities.
Schlüsselwörter (Keywords)
The main keywords and focus topics of this text include: global logistics, East Asia, Shanghai, Singapore, Hong Kong, Busan, free-trade zone, multinational corporations, economic development, globalization, logistics infrastructure, competitive advantage, and regional hub.
- Quote paper
- Caroline Mutuku (Author), 2018, How Shanghai Won in the Competition with Hong Kong, Busan and Singapore as a Global Logistics Centre in East Asia, Munich, GRIN Verlag, https://www.grin.com/document/429720
