Chapter 5
Trade & Transportation
5.1Macroeconomic Relations
Trade plays a key role in an increasingly interconnected and interdependent world, and it makes up a large part of the global economy. It is not the task of a book about ports to dive into fundamental discussions about the key drivers of economic growth: is traffic demand primarily derived from the needs of the consumers and the industry, or is it rather the supply, which creates its own demand? We can not solve this hen-and-egg problem, but what remains true is that we must consider transportation and logistics as its own market. World trade is what drives this market. Figure 5.1 below shows the close relationship between the growth of world gross domestic product (GDP) and global ...
Get Port Business now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
