Macro and Micro Perspectives Impacts of the Great Recession Transportation and Politics References; Absract This paper attempts to explain the cyclical relationship between the transportation industry and the U.
A period which is associated with hyper accelerated rate of information sharing and Data Banking coupled with the ability to network simultaneously and in multiplicity.
This revolution in Information and Computer Technology ICT has made it possible to gain access to information and data in any form and for any purpose. This is a situation whereby boundaries, both physical and non-physical are becoming undesirable and unnecessary as a result of technological impacts of ICT.
Today, the perfection of the Internet and telecommunication technologies through various deployments of satellites into the outer space has therefore made it possible for the development of high powered speedy cyberspace exploration.
Access to these technologies has made it possible for contemporary global economy to assume a village status. This is because it has become possible and quite desirable to gather information and in at an unbelievably great speed.
It is now possible and unrestricted to gather information on any subject, such as on economy, political, demography, technology, education, health, transportation, environment, engineering, science, medicine, agriculture, disasters, etc.
More importantly, the perfections and overall improvement in ICT has also made it possible to transact any form of businesses from enquiries to final procurement through the internet and without necessarily involving physical movement.
As a result of the advancement recorded in ICT revolution, it is obvious that a general reordering of global economy is imminent because opportunities have been provided for which global economy could benefit from and expand especially to developing economies of Africa.
The impact of the global economy is so visible that it has brought the whole economic policies of nations into one basket of economic agenda.
Hence, it is the in- thing for countries to compare, measure and determine their economic activities and performances by reviewing or relating such to the overall global economy. Given the fact that in the last 25 years that the global economy has graduated into one village, it is therefore not surprising that the principal actors of the global economy i.
Such effects no doubt vary from country to country and from one economic sector to another.
This paper is aimed at examining and highlighting the implications of the global economic recession or meltdown on transport, logistics and supply chain management.
The symptoms of underperformance led to the conclusion that the global economy is in crisis. The crisis is demonstrated through: These implications can be classified as: Such political problems include the need to justify various options to be pursued in order to address issues relating to economic recession.
It is the government that the citizen look up to for the redemption or revitalization of the economy in such a manner that economic, social, international and environmental progress could be achieved.
It is the last hope for the people that are faced by economic recession or meltdown. In addition, because of the global nature of contemporary world economy which is interrelated and interconnected, it has become necessary to in addition consider international political relevance as a solution to resolving domestic challenges.
It is therefore not surprising that despite the efforts of the United States of America government to address the economic meltdown as it affects predominantly the American market, there was the urgent need to complement such effort with international cooperation, consideration and partnering.
This consideration is to ensure that international response to Americans approach to solving her domestic market are not jeopardised.The Effects of the Recession of on Manufacturing and Logistics Strategies - Download as PDF File .pdf), Text File .txt) or read online. The Effects of the Recession of on Manufacturing and Logistics Strategies.
ECONOMY AND LOGISTICS U.S. Economy and its Impact on Transportation and Logistics Management Abstract This paper extensively explores the structure of U.S.
economy and its impact on transportation and logistics management. The Effect of the Recession on Families 1. Jobs and Employment. Job loss affects the stability of families and individuals.
Our status, self-worth, In fact, a recession may positively impact a family, as families tend to stay .
Aug 24, · But in a recession, you have to be careful about this kind of initiative’s impact on key suppliers. If you slow down how fast you pay them, their financial integrity may be impacted. Impact of Global Economic Recession/Meltdown on Transport, Logistics and Supply Chain.
Transport is an important sector in the development of national economy. It is also the engine that drives the essence of globalization and global village.
The impact of a recession on small businesses that have annual sales substantially less than the Fortune and that are not public companies is similar to large businesses.