This book analyses and draws policy implications from infrastructure's central role in lowering Asia's trade costs.
Infrastructure is shown to be a cost-effective means of lowering trade costs and 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 policy-makers and academics at graduate and higher levels involved in economic development or Asian studies, as well as the broader development community.
Edited by Douglas H. Brooks, Australian APEC Study Centre, RMIT University, Australia and David Hummels, Professor of Economics, Krannert School of Management, Purdue University and Research Associate, National Bureau of Economic Research, US
Contents: Foreword Masahiro Kawai 1. Infrastructure's Role in Lowering Asia's Trade Costs Douglas H. Brooks 2. Trends in Asian Trade: Implications for Transport Infrastructure and Trade Costs David Hummels 3. Trade Infrastructure and Trade Costs: A Study of Selected Asian Ports Jon Haveman, Adina Ardelean and Christopher Thornberg 4. Empirical Estimates of Transportation Costs: Options for Enhancing Asia's Trade Prabir De 5. Port Competitiveness: A Case Study of Semarang and Surabaya, Indonesia Arianto A. Patunru, Nanda Nurridzki and Rivayani 6. Infrastructure and trade costs in Malaysia: The importance of FDI and Exports Tham Siew Yean, Evelyn Devadason and Loke Wai Heng 7. Infrastructure Development in a Fast-Growing Economy: The People's Republic of China Liqiang Ma and Jinkang Zhang 8. Trade Transportation Costs in South Asia: An Empirical Investigation Prabir De Index