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The Concept, Evolution, Impacts and Critical Success Factors of Regional Economic Corridors

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  • Aggarwal, Aradhna

Abstract

With globalisation gathering momentum in the early 2000s, economic corridors gained tremendous traction as a policy tool of economic and social development in the developing countries. A variety of new corridors have sprung up ranging in geographic scope- from local to national to cross border regional to mega transnational corridors forming land bridges for countries across different regions. This paper reviews the current knowledge on economic corridors. The focus is on regional economic corridors. It concludes that a deep understanding of economic corridors as a development tool, finding common grounds, and building mutual trust between stakeholders both within and across borders are critical for the success of regional economic corridors.

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  • Aggarwal, Aradhna, 2020. "The Concept, Evolution, Impacts and Critical Success Factors of Regional Economic Corridors," MPRA Paper 110706, University Library of Munich, Germany, revised 16 Nov 2021.
    • Handle: RePEc:pra:mprapa:110706
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    More about this item

    Keywords

    Regional economic corridors; Conceptual framework; Evolution; Benefits and costs; Policy; Success factors;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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