Civil aviation has become a vital component of todays lifestyle and of modern economic life. Just as Thomas Friedman asserts that cheap and ubiquitous telecommunications have lowered impediments to international competition and innovation, the airline industry has shattered barriers of distance that once limited many global economic transactions. More and more households and businesses have become reliant on the advantages and cost effectiveness of air transportation. Like the Internet and new laborsaving technologies, the growth and maturation of the aviation industry, and civil air transport in particular, is truly a modern marvel. Even during these turbulent economic times, aviation remains a unique link for commerce that contributes to the revitalization of the economy.


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    Title :

    Economic Impact of Civil Aviation on the U.S. Economy


    Publication date :

    2009


    Size :

    23 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English





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