Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: March 2025
QUESTION 1 (2 ANSWERS PROVIDED)
In the article by Banister and Berechman (2001), the authors explore the relationship between
transport development and economic growth, emphasizing that transport infrastructure plays a
crucial role in fostering economic development. They argue that well-developed transport
systems facilitate the movement of goods and people, reduce transaction costs, and improve
access to markets, which in turn enhances productivity, trade, and regional development.
Furthermore, they highlight that transport development can spur job creation and increase the
efficiency of various sectors, ultimately contributing to overall economic growth.
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