Tag Archives | spill-over effects
Transport

High-Speed Rail: Necessary but not sufficient for socioeconomic development

High-Speed Rail: Necessary but not sufficient for socioeconomic development
Since its inception in Japan in 1964, high-speed rail (HSR), and its impact on the economy, has received attention from policymakers worldwide. Early HSR development was more of a race to go faster, and the early success led policymakers around the world to believe in the power of HSR for catalyzing growth.