What is the Economic role of Transport?
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Development can be defined as improving the welfare of a society through appropriate social, political and economic conditions. The expected outcomes are quantitative and qualitative improvements in human capital (e.g. income and education levels) as well as physical capital such as infrastructures (utilities, transport, telecommunications).
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The development of transportation systems takes place in a socioeconomic context. While development policies and strategies tend to focus on physical capital, recent years have seen a better balance by including human capital issues.
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