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

    Bhattacharyay, Biswa Nath | June 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.
    Citation
    Bhattacharyay, Biswa Nath. 2012. Seamless sustainable transport connectivity in Asia and the Pacific: prospects and challenges. © Springer. http://hdl.handle.net/11540/4306.
    ISSN
    1612-4804
    Keywords
    Financial Stability
    Financial Management System
    Financial Restructuring
    Capital Market Development
    Erosion
    Market Development
    Economics
    Erosion
    International Economics
    International Financial Market
    Multilateral Financial Institutions
    Economic Recession
    Market
    Crisis
    Business recessions
    Multilateral development banks
    Regulatory reform
    Capital
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    Citable URI
    http://hdl.handle.net/11540/4306
    Metadata
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    Author
    Bhattacharyay, Biswa Nath
    Theme
    Finance
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise