Road Transportation
This entry contains three subentries, a historical overview and discussions of technological change and regulation.Any level of economic activity beyond that of complete self-sufficiency requires the transport of goods between producer and consumer. And some or all of this movement of goods almost always takes place by road. Information also often moves by road. This was especially true before the telephone and the telegraph, but even today face-to-face contact is generally essential for the consummation of business deals and the transfer of technology. The quality and quantity of roads in a region can thus have a major impact on the frequency of exchange of goods and information, the decisions of producers and consumers, technological and organizational innovation, and thus economic growth.... ...
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