A Boston College economics professor has been awarded a $700,000 grant from the National Science Foundation to study the impact of American ports on the US economy, the Boston Globe reports.
According to a press release, Theodore Papageorgiou's research focuses on "unforeseen events that interrupt the global supply chain," such as the Covid-19 pandemic.
"If these shocks happen very often, maybe it makes a lot of sense to invest a lot of money in infrastructure," Papageorgiou tells the Globe.
"The more infrastructure you have, the more capacity ports have, the less likely it will be for us to see supply chain disruptions in the future."
According to Papageorgiou's research, ports are key to the US economy because they act as a "support system."
Without infrastructure, there will be fewer ports available, which in turn will increase the likelihood of supply chain disruptions.
Papageorgiou's research looks at the impact of congestion in US ports and the global economy as a whole.Read the Entire Article