Explore Economic Issues in Railways (Modern Transport Economics Series)

Author: Rong Zhahe, Editor-in-Chief
Publisher:
Publish Date: 2004-08-01
Features: This book primarily discusses railway reforms but also includes several papers on railway development issues. Railway development and reform are interdependent and prerequisites for each other in China; neglecting either would hinder the resolution of railway problems. According to the editors of this book, reflecting on railway development in the context of building a moderately prosperous society in all respects reflects the current need to accelerate transportation progress amid accelerating industrialization and urbanization, as well as the requirement to adopt sustainable transportation development models under severe resource and environmental constraints. In this situation, China's traditional railway management system still has a certain space to play, but its limitations will also face significant constraints. People have become increasingly aware that the success of railway reform and restructuring must meet multiple conditions, including promoting economies of scale on networks, reducing transaction costs, enhancing competitive efficiency, establishing incentive and constraint mechanisms for operators, and rationalizing special property relationships. As a result, the direction of reform has gradually become clearer.