Port economic contribution to local economy

 • Socio-economic indicators (mainly gross value added and employment) to:

– Justify port investment in terms of contribution to local, regional, national welfare

– Serve as criteria for budget allocation of public infrastructure funds Socio-economic indicators

– Convince stakeholders through communication

• Port development as a component of local, regional, national and supranational economic / industrial development policies

• Socio-economic performance indicators for ports could serve to measure the effectiveness of these policies (although causality could be questioned, e.g. exchange rate fluctuations can influence trade and hence, socio-economic indicators of ports)

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