Transport and the Economic Downturn
The extent and pace of the ongoing decline in international trade and transport volumes are unprecedented prompting many governments to consider economic revitalisation packages. Political responses to the economic downturn can pose a threat to globalisation if they are devised principally to protect domestic markets. By contrast, they can act as a powerful lever to global trade if they encourage openness to international trade and investment by removing administrative obstacles and investing in transport infrastructure.

A debate on the key political measures needs to address the following questions:
  • How is the current downturn affecting transport and what are the appropriate policy responses?
  • What is the role for transport in an effective stimulus package?
  • How can environmental goals still be met?
  • What measures are needed to deal with the social consequences of the economic downturn?
  • How real is the risk of return to protectionism?

Conclusions Session 1 -- Conclusions Session 2

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