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Books > Business & Economics > Business & management > International business
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The Economics and Politics of High-Speed Rail - Lessons from Experiences Abroad (Hardcover, New)
Loot Price: R1,998
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The Economics and Politics of High-Speed Rail - Lessons from Experiences Abroad (Hardcover, New)
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The technological revolution linked to high speed rail (HSR) has
been accompanied by myths and claims about its contribution to
society and the economy. Although HSR is unquestionably a
technological advance that has become a symbol of modernity, this
review and analysis of the international experiences shows that the
conditions necessary to have a positive impact, economically,
socially and environmentally, are enormously restrictive. The
Economics and Politics of High Speed Rail: Lessons from Experiences
Abroad, by Daniel Albalate and Germa Bel, introduces the main
questions policy makers and scholars should examine when
considering and studying HSR implementation, with particular
emphasis on the US's recent interest in this technology and
possible application in California. Albalate and Bel then review
the experiences of the most significant implementations of HSR
around the globe. This in-depth international perspective includes
chapters on the pioneers of HSR (Japan and France), the European
followers (Germany, Spain and Italy), as well as Asian experiences
in China, Taiwan, and Korea. Albalate and Bel's study provides a
clear distinction between the myths and realities associated with
this transportation innovation. Among the most relevant findings,
this study highlights how HSR projects that do not satisfy highly
restrictive conditions-on mobility patterns, measured costs, and
economically rational designs-that make it desirable have been the
source of huge financial debacles and the economic failure of HSR
in most cases, which result in unfortunate consequences for
taxpayers. The Economics and Politics of High Speed Rail is a
rigorous investigation of the economic and political challenges and
ramifications of implementing new public transportation technology.
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