The Importance Of Transportation In Economic Development

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Transportation refers to the mobility of people, animals or goods from one place to another by land, water, rail, air or space. Dating back in time, it is evident that the advancements in this field have established a direct relationship economically, socially and environmentally. It plays a big role since it allows the possibility of the people to travel, influence and seek for further knowledge as the development of civilizations continue in the modern world. In addition, it helps to facilitate trade and exchange among distant areas. With this, the transfer of new ideas and technologies has spread throughout countries and served as a source of answers to eliminate numerous problems that are experienced. In light to this, transportation is of great relevance to economic development serving as a necessity in the operation of a market economy. According to Rodrigue and Notteboom (2013), transportation can also serve as an indicator of economic growth in a country. This is due to the evident relation between the quantity and quality of transport infrastructure and the level of economic development. High density transport infrastructure and highly connected networks are customarily linked with remarkable degrees of progression. Economic and social prospects and advantages are yielded when transport systems project efficiency, subsequently bringing in positive multiplier effects much like enhanced accessibility to markets, job-opportunities and more investments. Diminished or