[3] When implemented, an economic corridor is often one part of a package of different measures[1] including infrastructure development, visa and transport agreements, and standardization.
As Hans-Peter Brunner points out, "they do not stand alone, as their role in regional economic development can be comprehended only in terms of the network effects that they induce".
Corridors can reduce production costs due to lower transportation and communication expenses, smooth connections between industrial chains, and shortened delivery times.
Especially in some remote areas, the construction of transportation infrastructure can give residents access to education and medical services nearby, improving living conditions.
[citation needed] Crowding out effect The construction of economic corridors requires large public or capital investment, which comes with several attached risks.
If an economic corridor crosses a residential area, construction may force local residents to relocate and lose cultivated or commercial land, employment, and interpersonal relationships.