After
a long wait, it was finally time to fly to Italy. As I got out of my car and
stopped to give my mother a hug good bye, I saw multiple cars almost colliding
in the frantic departure area of the airline. It was at this moment that I
started to think about the complexity of a global airport. This airport, along
with the other major airports of various states and countries allows us to
create a complex, fast-moving system of global trade and transportation.
Our
first article of the trip focused on the creation of institutions and the
underlying problem our need that led to their creation. The airport for
example, was created due to an increasing need of various goods and services in
international trade. Airports allowed us to expedite the transportation of
various goods and services and helped us to create a complex global market. Institutions of this nature find their beginnings because there is an underlying need to fix a particular problem amongst a given market or economy.
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