Explain how developments in transport have affected trade?
Answers
The dev of transportation systems takes place in a socio-economic context. While development policies and strategies tend to focus on physical capital, recent years have seen a better balance by including human capital
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Explanation:
Answer:
Transport improvements have had a much more significant impact on trade – and the organization of production more widely – than is captured in their measure of trade costs. agricultural goods by six percent. They also explain the puzzle that trade has become more local.
Sound transportation investments lower the costs of moving people and goods. This increases economic productivity, which roughly can be measured as the output of goods and services per dollar of private and public investment.
Explanation:
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