Geography of Transport and Trade
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With the declining friction of distance, the real cost of transportation has also declined. A given price differential might be too small initially to support trade when transportation costs are high. Transport also contributes to economic development through job creation and its derived economic activities. Accordingly, a large number of direct and indirect (insurance, finance, packaging, handlin...
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With the declining friction of distance, the real cost of transportation has also declined. A given price differential might be too small initially to support trade when transportation costs are high. Transport also contributes to economic development through job creation and its derived economic activities. Accordingly, a large number of direct and indirect (insurance, finance, packaging, handlin...
Read more
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