Economic corridor

Economic corridors are integrated networks of infrastructure within a geographical area designed to stimulate economic development.[1] They connect different economic agents in a particular geographic area. Corridors may be developed within a country or between countries.[2] They have been part of strategies for economic development 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, an economic corridor is often one part of a package of different measures[1] including infrastructure development, visa and transport agreements, and standardization.[4] Social needs, such as housing, are often considered in development plans.[2]

  1. ^ a b c Brunner, Hans-Peter. "What is Economic Corridor Development and What Can It Achieve in Asia's Subregions?" (PDF). Asia Development Bank. Archived from the original (PDF) on 23 October 2014. Retrieved 17 October 2014.
  2. ^ a b c Mulenga, Gadzeni. "Developing Economic Corridors In Africa" (PDF). AFRICAN DEVELOPMENT BANK GROU. Retrieved 17 October 2014.
  3. ^ Cite error: The named reference BWR2014 was invoked but never defined (see the help page).
  4. ^ Banomyong, Ruth. "Benchmarking Economic Corridors logistics performance : a GMS border crossing observation" (PDF). World Customs Journal. Archived from the original (PDF) on 10 June 2014. Retrieved 17 October 2014.