Handbook of International Trade and Transportation
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Handbook of International Trade and Transportation

Edited by Bruce A. Blonigen and Wesley W. Wilson

International trade has grown rapidly over the past half century, accommodated by the transportation industry through concomitant growth and technological change. But while the connection between transport and trade flows is clear, the academic literature often looks at these two issues separately. This Handbook is unique in pulling together the key insights of each field while highlighting what we know about their intersection and ideas for future research in this relatively unexamined but growing area of study.
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Chapter 21: Euro-Asian overland transport links: prospects and challenges

Miroslav N. Jovanović, Jelena Damnjanović and Jovan Njegić

Abstract

International trade has sustained growth over the past 60 years and has had a strong impact on the demand for transport services. Historically, maritime transport has dominated transportation between Europe and Asia (over 90 per cent). But the Silk Road existed for centuries, although it has been scaled down since the fifteenth century. However, the importance and use of the New Silk Road is gaining momentum and offers a viable alternative to maritime transport, but only for a limited range of goods. Still, businesses are increasingly using overland transport for trade in either direction. Huge investments in the Euro-Asian rail and road infrastructure are under way. This is also supported by trade and transport facilitation administrative and legal issues (soft infrastructure). Nevertheless, new manufacturing and organisational technologies present long-term challenges to transport and trade between the two continents, while at the same time there is a lack of coordination among different Euro-Asian transport-related initiatives.

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