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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. 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. Nunez-Ferrer, P.J. Rimmer, S. Stone, A. Strutt, W. van der Geest, F. Zhai, Z. Zhang
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
Contents:ForewordHaruhiko Kuroda1. IntroductionBiswa Nath Bhattacharyay, Masahiro Kawai and Rajat M. NagPART I: DEMAND FOR AND BENEFITS OF NATIONAL AND REGIONAL INFRASTRUCTURE NETWORKS2. Estimating Demand for Infrastructure, 2010–2020Biswa Nath Bhattacharyay3. Benefits of Infrastructure Investment: An Empirical Analysis Fan Zhai4. Socio-economic Impact of Regional Transport Infrastructure in the Greater Mekong SubregionSusan Stone, Anna Strutt and Thomas Hertel5. Socio-economic Impacts of Regional Transport Infrastructure in South AsiaJohn Gilbert and Nilanjan BanikPART II: POLICIES AND INSTITUTIONS FOR EFFECTIVE INFRASTRUCTURE6. Evaluation of Regional Infrastructure Manabu Fujimura and Ramesh Adhikari7. Economic Space for Transnational Infrastructure: Gateways, Multimodal Corridors and Special Economic ZonesPeter J. Rimmer and Howard Dick8. Institutional and Policy Frameworks for Sustainable Infrastructure ZhongXiang Zhang9. Managing Regional Infrastructure: European Union Institutional Structures and Best PracticesWillem van der Geest and Jorge Núñez-FerrerPART III: ADDRESSING INFRASTRUCTURE FINANCING NEEDS10. Modes of Asian Financial Integration: Financing InfrastructureBiswa Nath Bhattacharyay11. Foreign Direct Investment in Financing Regional Infrastructure Kwok-Chiu Fung, Alicia Garcia-Herrero and Francis Ng12. Public–Private Partnerships for Regional Infrastructure: Lessons from the European UnionWillem van der Geest and Jorge Núñez-FerrerIndex
'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.'