Why is sea transportation considered to be the lifeblood of global economy?
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• Global Economic Engine
It contributes hundreds of billions of dollars to the global economy annually thereby increasing gross domestic product in countries throughout the world. Moreover, as the lifeblood of global economic vitality, ocean shipping contributes significantly to international stability and security.
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Answer: Many Countries do not have Air routes and therefore sea transportation is more convenient . It is more Cheaper . it s a multi billion industry and boosts the trade , tourism and many other industries . It helps connect many countries . It help in global economy and boosts the gross national income of the country
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