Charting Trade Winds: Unravelling the Economic and Geopolitical Nexus of the Red Sea and Cape of Good Hope Routes

This research aims to explore how economic and geopolitical factors influence global commerce, political relationships, and regional dynamics along the Red Sea and Cape of Good Hope trade routes. Existing studies have not fully integrated these dimensions, which this research seeks to address. Using the Concentration Index (HH Index) as a quantitative tool, the study will analyse trade concentration along these routes, emphasizing the significance of specific countries or regions in global trade dynamics. This paper will also analyse historical trade patterns and contemporary economic drivers to understand the evolution and current state of trade. We will also explore how trade impacts power dynamics and geopolitical relationships. Game theory will provide a strategic lens to analyse interactions among nations along these trade routes, exploring cooperative and competitive strategies and potential alliances. Findings from this research will contribute new insights into the evolving dynamics of these maritime passages.

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Publication Details

Journal
Journal of Student Research
Published
2024-08-31
DOI
https://doi.org/10.47611/jsrhs.v13i3.7327
Primary Topic
International Development and Aid
Type
article
Field-Weighted Citation Impact
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article

Charting Trade Winds: Unravelling the Economic and Geopolitical Nexus of the Red Sea and Cape of Good Hope Routes

Tae‐Kyung Hong, Aryan Junagade
Journal of Student Research
International Development and Aid
article

Charting Trade Winds: Unravelling the Economic and Geopolitical Nexus of the Red Sea and Cape of Good Hope Routes

Tae‐Kyung Hong, Aryan Junagade
article en

Abstract

This research aims to explore how economic and geopolitical factors influence global commerce, political relationships, and regional dynamics along the Red Sea and Cape of Good Hope trade routes. Existing studies have not fully integrated these dimensions, which this research seeks to address. Using the Concentration Index (HH Index) as a quantitative tool, the study will analyse trade concentration along these routes, emphasizing the significance of specific countries or regions in global trade dynamics. This paper will also analyse historical trade patterns and contemporary economic drivers to understand the evolution and current state of trade. We will also explore how trade impacts power dynamics and geopolitical relationships. Game theory will provide a strategic lens to analyse interactions among nations along these trade routes, exploring cooperative and competitive strategies and potential alliances. Findings from this research will contribute new insights into the evolving dynamics of these maritime passages.

Journal of Student ResearchVol. 13(3)
University of Cambridge (GB), Bridge University (SS), International Flavors & Fragrances (France) (FR)
Openalex Percentile: Top 38%
International Development and Aid
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