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What are the factors that led to the growth to the shipbuilding industry since the second world war?

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The growth of the shipbuilding industry post-World War II was influenced by the increased demand for commercial and military vessels during the Cold War, a broader global economy, supportive government subsidies, and geographical shifts in manufacturing bases prevalent Asia.

Several factors led to the growth of the shipbuilding industry after the second world war. One pivotal factor was the increased demand for commercial and military vessels during the Cold War. Subsequently, this upswing in demand fostered advancements in technology and production methods, which in turn amplified the industry's capacity.

The post-war boom period also allowed for vast economic expansion and international trade, requiring a superior number of ships. Government policies like subsidies also played a part supporting the industry by reducing costs and promoting growth.

Lastly, geographical shifts in manufacturing bases, particularly Asia's emergence as the dominant player in the shipbuilding industry, contributed to the expansion of the industry. Low labor costs and growing expertise in ship construction practises in these regions significantly influenced the growth of the shipbuilding industry after World War II.

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