Cross-Border Transport Infrastructure, Regional Integration, and Development
An important part of moves toward closer regional integration are cross-border infrastructure schemes that involve neighboring countries. This paper assesses current thinking from the economics literature on the potential benefits from these projects. Transport projects offer particular scope for regional cooperation and the reduction in trade cost that they offer can have an important impact on trade flows between participating countries. The allocation of benefits between countries from these projects may be unequal and this poses challenges for their financing and implementation. The paper gives case studies from the Mekong and Central Asian regions and suggests directions for future research.
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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