explain the relation between trade and transport in terms of economic development of a country
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Trade can be a key factor in economic development. The prudent use of trade can boost a country's development and create absolute gains for the trading partners involved. Trade has been touted as an important tool in the path to development by prominent economists. However trade may not be a panacea for development as important questions surrounding how free trade really is and the harm trade can cause domestic infant industries to come into play
Transportation developments that have taken place since the beginning of the industrial revolution have been linked to growing economic opportunities. At each stage of societal development, a particular transport technology has been developed or adapted with an array of impacts. Transportation influences the economic opportunities of production and consumption.
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