Success or failure?

24 Jun Success or failure?

National wealth creation is a combination of intricate social and economic processes. There are many arguments as to what determines why some cities, regions, and nations are rich and some poor. Ramon Myers has reviewed 18 nations, for example, and their attempts to create wealth. Several patterns of economic change regarding wealth creation were found. He describes these in terms of the integration of four activities. The first three are an equitable distribution of income, a rising market demand for goods and services, and an increasing share of savings made possible by the gross domestic product. The final finding that he found greatly aided national wealth creation is the amount of investment in physical capital, or in the infrastructure that promotes international trade. This includes container ports. A key economic repercussion of containerization is a rapid upgrade in infrastructural capacity. The fundamental rationale behind having a world- class port infrastructure is the capacity it provides to reduce the order-to-delivery time to days or even hours. This involves the ability to move raw materials, components, and final products from suppliers and distributors to manufacturers and consumers. The timely transport of cargo relies in turn on the capacity of a country’s highways, railways, coastal and inland waterways, and sea- and airports.