Globalization, growth, and the transport industry: the case of Asia
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Abstract
The article looks at the relationship between economic development of Asia and the role transport sector has played in this development, especially the maritime transport, the main mode of transport for international trade. However, the economic expansion of China, India and other rapidly growing economies in Asia, may soon modify its course; from mostly export-driven growth to the one based on the increasing domestic consumption. Such a change of the course of economic development will impact the structure of Asian transport systems towards stronger domestic transport industries.
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