Toward a Sustainable Transport Development in Asia and the Pacific
Biswa N. Bhattacharyay
Asian Development Bank Institute; Asian Development Bank; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
July 29, 2011
CESifo Working Paper Series No. 3539
Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs. Furthermore, to cope up with the reduced export demand from advanced economies arising out of the ongoing financial crisis, the region needs to enhance its connectivity through developing transport infrastructure at the national and regional level to rebalance its growth towards regional demand through enhancing intra-regional trade. However, building massive transport infrastructure will have profound implications on environment and climate change at the national, regional and global levels as well as on scarce energy resources. This paper presents the needs and benefits of transport connectivity and financing requirement of Asian economies during 2010-2020; and analyzes the major challenges and prospects in developing sustainable transport connectivity. Finally, the paper provides policy recommendations on what the region can do to meet these challenges.
Number of Pages in PDF File: 47
Keywords: sustainable transport, infrastructure, connectivity, financing infrastructure, environment and climate change, Asia and the Pacific
JEL Classification: H230, H500, K320, L620, L910working papers series
Date posted: August 4, 2011
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