Melting ice caps: implications for Asian trade with North America and Europe
by Amanda M. Countryman; Joseph F. Francois; Hugo Rojas-Romagosa
International Journal of Trade and Global Markets (IJTGM), Vol. 9, No. 4, 2016

Abstract: Arctic ice caps have been melting at an increased pace and projections imply that the ice cover will be greatly reduced in the near future. This climatic phenomenon has important socio-economic implications, as it would open up shipping routes in the Arctic including the Northern Sea Route (NSR) and the North-West Route (NWR). The NSR connects North-east Asia with North-western Europe, while the NWR connects North-east Asia and the East Coast of the USA. In this paper, we analyse the commercial feasibility of the NWR and the economic impact of reducing the trade distances between Asia and the US East Coast. In particular, we examine the extent to which the NWR would compete with the Panama Canal for certain trade routes. Such competition has significant geopolitical implications linked to changes in trade flows and the global supply chains that currently link East Asia and the USA.

Online publication date: Sat, 24-Dec-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Trade and Global Markets (IJTGM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email