Ranking Countries According to Logistics and International Trade Efficiencies via REF-III
Journal Title: Journal of Intelligent Management Decision - Year 2023, Vol 2, Issue 2
Abstract
The interrelation between logistics and international trade is crucial for understanding a country's ability to increase its share in global trade. An adequate and well-integrated logistics sector and infrastructure are required for this purpose. This study employs the novel Multi-Criteria Decision Analysis (MCDA) approach known as REF-III and two distinct models to investigate the activities of countries in terms of infrastructure, logistics, international trade, and economic growth. The results from both models indicate that China and Russia are leading the rankings. However, when focusing on the efficiency of trade and economic growth, the United States occupies the first place. Notably, several Caucasian and Balkan countries rank poorly in both models, possibly due to the multiple crises, wars, and turmoil they have experienced over the past forty years. The investments and improvements made in infrastructure and logistics by the countries excelling in global trade and logistics should serve as a model for other nations to emulate.
Authors and Affiliations
"Ahmet Aytekin,Selçuk Korucuk,Çağlar Karamaşa "
Keywords
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- EP ID EP752358
- DOI https://doi.org/10.56578/jimd020204
- Views 7
- Downloads 0
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