Elsevier Market Development and Policy for One Belt One Road

The Belt and Road initiative is marketed by the Chinese government as the “twenty-first century maritime Silk Road and the “Silk Road economic belt. The initiative encourages policy coordination, trade facilitation, financial integration, and transport connectivity. The Belt and Road initiative covers at least 65 countries across Asia, Africa, the Middle East, and Europe, involving 70% of the global population, 75% of world energy reserves and 55% of world GNP. Such an initiative is expected to bring significant impacts to the transport and logistics industry in the regions involved. The transport and logistics sector not only directly contributes to the production of transport and logistics services, but also provides essential inputs to other sectors such as tourism, trade, infrastructure investment and management. Therefore, it is important to jointly analyse the implications of the Belt and Road initiative to the transport and logistics sectors, the best strategies and operation practices that the industry can pursue, and the right government policies that should be implemented in relation to the initiative. Review Studies the transport and logistics industry in the Belt and Road region, so that better business and policy decisions can be made taking into account the effects of the Belt and Road initiative About the Author Dr. Czerny is the Director of a Bachelor of Business Administration Programme in Aviation Management and Logistics, Coordinator of a Minor Programme in Business Administration, and member of the Belt and Road Centre of the PolyU Business School. Czerny’s research interests cover the full range of topics in transportation economics. His research has been published in Economics of Transportation, Transportation Research Part B, Transportation Research Part A, Journal of Transport Economics and Policy, Canadian Journal of Economics and Journal of Regulatory Economics. He was awarded with the Best Overall Paper Prize of the ITEA Conference on Transportation Economics 2014 (with Anming Zhang) and the Certificate of Excellence in Reviewing from Transportation Research Part B for the year 2013. He is the head of the local organizing committee of the ITEA School and Conference hosted by LMS in 2018, a member of the Scientific Advisory Board of the European Aviation Conference, board member of the German Aviation Research Society (GARS), and co-editor of a GARS book on airport slots. He worked as a consultant for the European Commission, the German Federal Network Agency (Bundesnetzagentur) and several German Federal Ministries. Dr. Xiaowen Fu is an editor of the Elsevier journal Transport Policy and associate editor of the book series “Advances in Airlines Economics. His main research area is transport economics which covers issues such as competition policy and government regulation, efficiency benchmarking, transport demand modelling and industrial organization. He has been the principal investigator of 16 research grants and published close to 50 journal articles. He has been the guest editor of 5 journal special issues, and organized more than 6 major international conferences in the capacity of conference chair. He is on the editorial boards of three journals including Transportation Research – Part B, Part E. Dr. Fu has provided advisory and economic modeling services to organizations such as the Boeing Commercial Aircraft, New Zealand Commerce Commission, Australian Competition and Consumer Commission, Government of British Columbia in Canada, Australian Competition Tribunal, Hong Kong Civil Aviation Department, Hong Kong Transport and Housing Bureau, Japan Rail (East), and OECD. He is the Vice President (Research) of the Air Transport Research Society (ATRS), Vice President (Research) of the Institute for Aviation (UK), founding chair of the Maritime Economy and Policy stream of the World Transport Convention. Paul holds a PhD from Cardiff University