Developments in transportation have been realized during the period of industrial revolution. Transportation development has been associated with improving economic developments and opportunities. Specific transportation technologies have been established and developed at every stage of societal development, with a wide range of far-reaching impacts. Some of the most common examples of economic development waves which were propelled by particular transportation technology, and brought about new social, market, and economic opportunities include: • Seaports, which are associated with the 16th-18th-century European expansion which is commonly referred to as the age of exploration. Seaports supported international trade development in association …show more content…
These changes have not caused weakening of the government’s intervention measures and roles with regards to intermodal transportation. Monopoly power is still controlled with public policy intervention dominating some of the most liberal economies, especially in countries such as the United States of America. For example, when it comes to the ownership of airports and seaports, terminals are increasingly and consistently controlled and owned by municipals or states. However, private ownership of these transportation structures through concession agreement is a common practice. Therefore, the Port of Los Angeles and the Port of Hampton Roads are owned by the City of Los Angeles and Virginia Port Authority respectively. Also, the main persistent and most fundamental obligations of public funds include highway maintenance, upgrade, and provision. Nevertheless, due to the allocation of the public transportation infrastructure to frivolous projects, the public has been forced to view any infrastructure investment as a mere waste of public funds or resources. Acquisitions and mergers especially those between public or private entities are usually subjected to approval by the relevant transportation regulatory …show more content…
Transport is viewed as the main mechanism in shaping, developing, and promoting the economy of the region. Major international institutions including the World Bank and the federal governments also aim at promoting transportation services and infrastructure especially in instances where private services or capital investments are not impending. In most cases, transport is usually a national security concern whose connection to economic development is frequently questionable. Transport policies are formulated to establish dominance and ensure the regulation of borders and national spaces. The 1956 Interstate Highway Act, which offered the United States its expressway networks, was stipulated with regards to national security. Security was the main focus of impositions which involved freight or passengers’ clearance which was conducted at the point of departure in addition to the standard clearance which took place at the entry point. Transport issues mostly raise concerns regarding the environment and public safety. Public safety concerns have within the past decades facilitated the development of transport policies which impose strict safety measures including regulating working hours for drivers, equipment principles and standards, drivers’ license, and enforcing the use of