Year: 2025
Type: article
Abstract: The International North-South Transport Corridor (INSTC) holds the potential to emerge as a significant route for fostering new economic opportunities within the Indo-Pacific region. This extensive transportation network, connecting the northern and southern hemispheres, holds paramount importance in fostering regional integration, economic development, and geopolitical stability. Economically, the corridor acts as a catalyst for increased trade and commerce, facilitating the efficient movement of goods between participating nations where it links diverse economic zones, reducing transportation costs and time, providing a significant boost to regional economies. The corridor's comprehensive infrastructure supports multimodal transportation, seamlessly integrating maritime, rail, and road networks.
Source: Central Asia and the Caucasus
Authors: Ashkhen Gevorgyan, Monojit Das
Institution: National Academy of Sciences of Armenia
Language: English
Topic: Belt and Road Initiative
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410545756