Relationship Between International Trade and Logistics: An Evaluation on Countries of Shanghai Pact and the Belt and Road Initiative

Journal Title: Journal of Intelligent Management Decision - Year 2023, Vol 2, Issue 1

Abstract

Although some of the resources required to meet human needs can be provided by a country, the rest must be supplied from other countries because not every country has all resources. Therefore, the demand for international trade emerges. A country earns incomes by selling its surplus and obtains scarce resources from other countries with these incomes. In this context, some political and economic initiatives have been established by countries, which work in harmony to facilitate and regulate international trade and create a common market. Two of them are Shanghai Pact and the Belt and Road Initiative (BRI). However, even if the initiatives meet certain common needs, it is very important to carry out logistics activities correctly in order to ensure effective and efficient foreign trade. If planned and correctly carried out, logistics activities are expected to make both import and export processes efficient and reduce resource usage. In this study, it is aimed to examine the effects of logistics performance in international trade in countries of Shanghai Pact and the BRI. In order to measure logistics performance in the research, two kinds of data are used, namely, the Logistics Performance Index (LPI) data, published by the World Bank every two years, and the import and export data, also published by the World Bank. With six sub-criteria of LPI modeled as independent variables and import and export as dependent variables, Tobit analysis is made by using EViews 10 software package. According to the analysis results, customs clearance, logistics quality and traceability have effects on export, and infrastructure, customs clearance and logistics quality have effects on import.

Authors and Affiliations

Salim Üre, Oğuzhan Demir, Çağatay Karaköy, Alptekin Ulutaş

Keywords

Related Articles

Impact of corporate venture capital on digital business transformation: A case study in Germany

With the growing need for digital business transformation, corporate venture capital (CVC) investors have been faced with the challenge of how to deal with this trend. Although digital business transformation and CVC are...

Enhancing Comprehensive Waste Management in Transition Economies Through Green Logistics: A Case Study of Bosnia and Herzegovina

This study aims to elucidate the role of established public utility logistics in facilitating the integration of transition economies into the modern, developed world, with a particular focus on comprehensive waste manag...

Evaluating Logistics Flexibility in Istanbul-Based Companies Using Interval-Valued Fermatean Fuzzy SWARA

In the dynamic and unpredictable landscape of modern logistics, the capability to swiftly and effectively adapt to market and consumer fluctuations is imperative for service quality enhancement and competitive positionin...

Optimization of Multi-Objective Safety Management System for Wind Power Projects Based on Non-Dominated Sorting Genetic Algorithm

This paper addresses the issues of incomplete safety management systems and the challenge of optimizing multiple safety objectives concurrently in wind power project construction. An approach for solving Multi-objective...

Strategic Framework for Leveraging Artificial Intelligence in Future Marketing Decision-Making

Disruptive technologies such as the big data analytics, blockchain, Internet of Things, and artificial intelligence have each impacted how businesses operate. The most recent example of disruptive technology is artificia...

Download PDF file
  • EP ID EP752350
  • DOI https://doi.org/10.56578/jimd020104
  • Views 8
  • Downloads 0

How To Cite

Salim Üre, Oğuzhan Demir, Çağatay Karaköy, Alptekin Ulutaş (2023). Relationship Between International Trade and Logistics: An Evaluation on Countries of Shanghai Pact and the Belt and Road Initiative. Journal of Intelligent Management Decision, 2(1), -. https://europub.co.uk./articles/-A-752350