Blog
Unit 4 Macro: Global Competition in High-Speed Rail Technology
13th July 2012
Japan’s high speed rail network has been for decades one of the world’s benchmark industries for rapid mass transport. Their safety record over the last forty years has been impeccable with not one single passenger fatality from a derailment.
The FT news video report available below captures the cutting edge technology and quality of infrastructure that makes Japan the envy of many other rich nations. But competition is growing especially from France and China notably in the battle to win export contracts to licence the technology and hardware used in investing in new rail capacity.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.