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Infrastructure for Asian Connectivity

9781781003121 Edward Elgar Publishing

ADBI series on Asian Economic Integration and Cooperation

Edited by Biswa Nath Bhattacharyay, Advisor, Office of Regional Economic Integration, Asian Development Bank, Philippines, Masahiro Kawai, Project Professor, Graduate School of Public Policy, The University of Tokyo, Japan and Rajat M. Nag, National Council of Applied Economic Research (NCAER), India

Publication Date: November 2012 ISBN: 978 1 78100 312 1 Extent: 520 pp

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Critical Acclaim

Contributors

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This book addresses the prospects and challenges concerning both soft and hard infrastructure development in Asia and provides a framework for achieving Asian connectivity through regional infrastructure cooperation towards a seamless Asia.

Key topics included are:

• demand estimates of national and regional infrastructure in transport, electricity, information and communication technology, and water and sanitation;
• empirical results on the costs and benefits of regional infrastructure for economies and households;
• the impact of infrastructure development on the environment and climate;
• sources and instruments of infrastructure financing;
• best practices and lessons learned from the experiences of the Asian region and other regions; and
• experiences of public–private partnership projects.

This insightful book will serve as a definitive knowledge product for policymakers, academics, private sector experts and infrastructure practitioners interested in the regional and national infrastructure demand, investment and benefits in the region. Concerned officials from private and public sectors, and other experts involved in environmental and natural resources studies will also find this compendium invaluable.

Critical Acclaim

''This prescriptive, highly fact-intensive, forward-looking and econometrically strong yet policy-oriented book is an important addition to the literature on trade infrastructure, economic integration and trade policy in Asia. Thus, it will benefit a wide range of specialist audiences, including economists and policy makers.''
– Pravakar Sahoo, Pacific Affairs

Contributors

Contributors: R. Adhikari, N. Banik, B.N. Bhattacharyay, H. Dick, M. Fujimura, K.-C. Fung, A. Garcia-Herrero, J. Gilbert, T. Hertel, M. Kawai, R.M. Nag, F. Ng, J. Núñez-Ferrer, P.J. Rimmer, S. Stone, A. Strutt, W. van der Geest, F. Zhai, Z. Zhang

Contents

Contents:

Foreword
Haruhiko Kuroda

1. Introduction
Biswa Nath Bhattacharyay, Masahiro Kawai and Rajat M. Nag

PART I: DEMAND FOR AND BENEFITS OF NATIONAL AND REGIONAL INFRASTRUCTURE NETWORKS
2. Estimating Demand for Infrastructure, 2010–2020
Biswa Nath Bhattacharyay

3. Benefits of Infrastructure Investment: An Empirical Analysis
Fan Zhai

4. Socio-economic Impact of Regional Transport Infrastructure in the Greater Mekong Subregion
Susan Stone, Anna Strutt and Thomas Hertel

5. Socio-economic Impacts of Regional Transport Infrastructure in South Asia
John Gilbert and Nilanjan Banik

PART II: POLICIES AND INSTITUTIONS FOR EFFECTIVE INFRASTRUCTURE
6. Evaluation of Regional Infrastructure
Manabu Fujimura and Ramesh Adhikari

7. Economic Space for Transnational Infrastructure: Gateways, Multimodal Corridors and Special Economic Zones
Peter J. Rimmer and Howard Dick

8. Institutional and Policy Frameworks for Sustainable Infrastructure
ZhongXiang Zhang

9. Managing Regional Infrastructure: European Union Institutional Structures and Best Practices
Willem van der Geest and Jorge Núñez-Ferrer

PART III: ADDRESSING INFRASTRUCTURE FINANCING NEEDS
10. Modes of Asian Financial Integration: Financing Infrastructure
Biswa Nath Bhattacharyay

11. Foreign Direct Investment in Financing Regional Infrastructure
Kwok-Chiu Fung, Alicia Garcia-Herrero and Francis Ng

12. Public–Private Partnerships for Regional Infrastructure: Lessons from the European Union
Willem van der Geest and Jorge Núñez-Ferrer

Index