Economic corridor
Economic corridors are integrated networks of infrastructure within a geographical area designed to stimulate economic development.[1] Corridors may be developed within a country or between countries.[2] Corridors exist in Asia,[1] Africa,[2] and other areas.
Economic corridors often feature integrated infrastructure, such as highways, railroads and ports, and may link cities or countries. Corridors may be created to link manufacturing hubs, areas with high supply and demand, and manufacturers of value-added goods.[3] When implemented, economic corridors are often one of a package of different measures[1] including infrastructure development, visa and transport agreements, and standardisation.[4] Consideration of social needs, such as housing, is often considered.[2]
The Asian Development Bank coined the term in 1998.[3]
Examples
- China–Pakistan Economic Corridor
- Sarawak Corridor of Renewable Energy
- Nanning–Singapore Economic Corridor
- East–West Economic Corridor
- Mumbai-Bangalore economic corridor
- Eastern Economic Corridor
- Bangladesh–China–India–Myanmar Forum for Regional Cooperation
See also
References
- ^ a b c Brunner, Hans-Peter. "What is Economic Corridor Development and What Can It Achieve in Asia's Subregions?" (PDF). Asia Development Bank. Retrieved 17 October 2014.
- ^ a b c Mulenga, Gadzeni. "Developing Economic Corridors In Africa" (PDF). AFRICAN DEVELOPMENT BANK GROU. Retrieved 17 October 2014.
- ^ a b Octaviano, BY Trishia P. "Economic corridors boost markets, living conditions". BusinessWorld Research. Retrieved 17 October 2014.
- ^ Banomyong, Ruth. "Benchmarking Economic Corridors logistics performance : a GMS border crossing observation" (PDF). World Customs Journal. Retrieved 17 October 2014.
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