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Forthcoming PublicationsA Decade of Developments
When ADBI was founded, several East Asian economies were in the midst of a financial crisis. Over the ten years since that time, Asia has seen not only a remarkable economic renewal, but also substantial growth based on a solid foundation of financial and governance reforms. East Asia has re-emerged as the most dynamic region of the world economy, demonstrating its resilience and robustness. ADBI's own growth has mirrored this dynamism and robustness. Infrastructure's Role in Lowering Asia's Trade Costs: Building Trade
Infrastructure is shown to be a cost-effective means of lowering trade costs, thereby promoting regional growth and integration. This book combines thematic and country studies, while breaking new ground in quantifying infrastructure's impact on Asia's trade costs. The contributors examine empirical estimates of Asia's trade costs and infrastructure's influence on those costs while also contributing to a better understanding of the region's logistics challenges. The book includes interesting case studies of rapid growth and congestion (in PRC), inland transportation challenges (India), port competition in an archipelago (Indonesia), and transportation modal switching as value-added rises (Malaysia) that are policy- and project-relevant in their own right. The analysis and policy implications in this book will be of interest to trade and infrastructure policymakers and academics at graduate and higher levels involved in economic development or Asian studies as well as the broader development community. [previous chapter] [next chapter]
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