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Transport and economics and policy

Transport and economics and policy.

How does Joseph Schumpeter concept of “Creative Destruction” enlighten the Transportation Policy of IMO 2020?
REFERENCE (Handout):
The Gloom, Boom & Doom Report PAGE 7 to 10 – Schumpeter
ISSN 1017-1371 A Marc Faber publication June 1, 2020
June 2020 REPORT
By Marc Faber

TRANSPORTATION POLICY DEFINITION:
IMO 2020
What is IMO 2020? The International Maritime Organisation (IMO) has ruled that from 1 January 2020, marine sector emissions in international waters be slashed. The marine sector will have to reduce sulphur emissions by over 80% by switching to lower sulphur fuels.

Research ONE transportation company or any you find in the Journal of Commerce of BREAKBULK and use as an EXAMPLE and describe what Schumpeter’s concept of “Creative Destruction” might inform their response to this Transportation Policy? What does it mean for Innovation?

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