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Unit 4 Macro: Global Competition in High-Speed Rail Technology

Geoff Riley

13th July 2012

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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.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty 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 and Revision conferences in the UK and overseas.

@tutor2uGeoff

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