Enhanced Transport Economy Modelling Along the ‘New Silk Road’

Abstract

This paper presents an innovative method to enhance transportation of cargo applied on the 'New Silk Road'. Allocation of shadow costs gives economic incentives to improve the Eurasian communications by employing the equality principle and the model for Efficient Use of Resources for Optimal Production Economy (EUROPE). The profitability increase, the technology is advanced, the environment and the living conditions improve. A single monetary key factor expresses aspects of interest and enables simultaneous monitoring, managing and evaluation. The method constitutes decision support tools for long-distance transportation at higher policy analysis organizational levels. The results of the case study point at usefulness for the launched methodology to reduce the spillages and losses when transporting cargo by truck along major transport routes. Peace and prosperity are promoted. The major benefits would be higher profits and less residuals.

Logistics performance system and their impact on economic corridors: a developing economy perspective

“…The strategic location of Pakistan is of great importance as it is located close to South Asian countries and with the presence of Central Asia, China and the Middle-East, Pakistan has a great opportunity to improve its logistical trade with them. Pakistan is also a member of Central Asia regional economic cooperation program (CAREC) program and according to the priorities given by CAREC transport and trade facilitation strategy 2020, Pakistan has India, Afghanistan, Central Asian states as neighbours, so it has a huge opportunity to increase its regional and transport trade (Stenis, 2018). Moreover, the logistics sector in Pakistan also facilitates exports and is a strong building block for the CPEC project as its main objective is to establish a corridor for international trade by Pakistan and China (Najmi and Ahmed, 2018).…”