Title: Quantitative and qualitative constructs of trade infrastructure in hilly regions - a case study of Himachal Pradesh, India
Authors: Saswati Tripathi; K. Rangarajan; Sumana Das
Addresses: Indian Institute of Foreign Trade, Kolkata, India ' Indian Institute of Foreign Trade, Kolkata, India ' Indian Institute of Foreign Trade, Kolkata, India
Abstract: The globalised world order has made infrastructural development as a priority by every country. In order to increase global market participation, the developing economies commit huge investments in improving the trade infrastructure. The investment in infrastructure in these countries is being guided by the infrastructure index constructed for the purpose. Most of these infrastructure indices are based on the social and economic indicators drawn from the hard and soft infrastructure. This paper brings out some of the shortcomings of the infrastructure index as guidance for infrastructure development. It is argued that infrastructure development should be guided, not by the size of investment but by the micro level feasibility as well as the effectiveness for improving the social and economic indicators.
Keywords: trade infrastructure: H 540; multilateral trading system: F 140; trade liberalisation: O 240; infrastructure index: H 540; economies of agglomeration D210; infrastructure investment; sectoral performance; infrastructure development; infrastructure effectiveness; everything but arms F150.
International Journal of Critical Infrastructures, 2019 Vol.15 No.1, pp.46 - 69
Received: 23 Sep 2017
Accepted: 23 Jul 2018
Published online: 05 Dec 2018 *