Abstract
Purpose - The purpose of this paper is to look to new opportunities that may be available to the nations comprising Central Asia. The region has recovered only slowly since the fall of the Soviet Union in 1991. Design/methodology/approach - Based on secondary data from reports by the UN, ADB and other NGOs, academic papers and the press, a quasi-mathematical equation is used to illustrate how infrastructure development is dependant on many factors. From this analysis the importance of the transportation sector for future growth is discerned. Historical detractors are noted and drivers for the future are discussed. Findings - The paper finds that Central Asia's future growth and prosperity would be based on a robust redevelopment of all its infrastructures but primarily on the implementation of Maglev high speed rail systems to move freight quickly internally and for Eurasian transit. Practical implications - Well-integrated transport infrastructures enhance local wellbeing. The interconnectedness and interdependence of globalised economies depend on transport, but other aspects of the total infrastructure local and regional must be integrated to achieve growth. In the case of Central Asia it is seen that an accord between the Presidents is needed to ensure regional cooperation, which will lead to Eurasian cooperation. Originality/value - The region has been forgotten, to some extent, by the global community, yet it has great potential to become again an important transportation hub between Europe and Asia. The value of the paper is in noting the push of many NGOs towards regional integration, which may be best approached, we suggest, from an initial investment in its transportation infrastructure.
Original language | English |
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Pages (from-to) | 1224-1251 |
Number of pages | 28 |
Journal | Management Decision |
Volume | 45 |
Issue number | 8 |
DOIs | |
Publication status | Published - 1 Aug 2007 |
Keywords
- Central Asia
- Developing countries
- Economic development
- Transportation