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

Aradhna Aggarwal

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Regional economic corridors; Conceptual framework; Evolution; Benefits and costs; Policy; Success factors (search for similar items in EconPapers)
JEL-codes: F02 F15 F55 O18 O2 (search for similar items in EconPapers)
Date: 2020-04-06, Revised 2021-11-16
New Economics Papers: this item is included in nep-ure
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