Assignment Task
The most significant elements that enable us to understand economic growth and development levels of nations are economic indicators of the country of interest. As much as these indicators have positive and high values, they affect the economic, social, psychological and cultural texture of the nation positively. These effects increase the culture, living and welfare levels of the individuals in the society. Logistics and infrastructure are those types of tools that play an important role in the change and improvement of economic indicators. Logistics industry provides significant contributions to national economy by creating employment, and creating national income and foreign investment influx. Logistics industry is a key industry in increasing the competitive power of corporations. On the other hand, Infrastructure plays a key role in facilitating trade. Improvements in various infrastructure have resulted in increased trade flows. Information and communications technology (ICT) infrastructure has also enhanced trade, as the numbers of telephone lines, mobile phones, broadband access, internet users, and secure internet servers are found to have positive trade effects for both exporters and importers.
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