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Seamless sustainable transport connectivity in Asia and the Pacific: prospects and challenges

Content Provider	Springer Nature Link
Author	Bhattacharyay, Biswa Nath
Copyright Year	2012
Abstract	In view of the ongoing financial and economic crisis originated during 2008–09 and the possibility of a double dip recession in advanced economies, export-dependent economies of Asia and the Pacific need to rebalance its growth toward domestic and regional demand for sustainable growth of Asia and the world. Despite remarkable growth during the last decade, the region still faces extensive basic infrastructure needs such as transport, energy, telecommunications and water. Asia, therefore, needs to enhance its connectivity through developing transport infrastructure at the national and regional level to rebalance its growth through enhancing intraregional trade, to enhance economic integration and to meet basic infrastructure needs. Transport plays a significant role in enhancing connectivity within and across Asian economies. However, building massive transport infrastructure will have profound implications on environment and climate change at the national, regional and global levels. In this evolving scenario, Asia needs to build efficient, safe, affordable, timely, world-class, socially and environmentally sustainable and seamless transport connections within the region, and with the rest of the world, in order to be competitive and prosperous. This paper analyzes the major challenges in developing sustainable transport connectivity, by fostering regional cooperation toward a seamless Asia. The paper examines the needs and benefits of transport connectivity and financing requirement for 2010–2020. It examines the impact of transport connectivity on environment and the prospects and challenges for developing seamless sustainable transport connectivity. Finally, the paper provides policy recommendations on what the region can do to meet these challenges.
Starting Page	147
Ending Page	189
Page Count	43
File Format	PDF
ISSN	16124804
Journal	International Economics and Economic Policy
Volume Number	9
Issue Number	2
e-ISSN	16124812
Language	English
Publisher	Springer-Verlag
Publisher Date	2012-05-30
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Sustainable transport Infrastructure Connectivity Financing infrastructure Environment Asia and the Pacific Macroeconomics/Monetary Economics International Economics Economic Policy
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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