JITI

PURPOSE:

Economic uncertainty still remains a heavy burden on the revitalization of the economy. Transportation Secretary Ray LaHood repeatedly mentions that job creation in the transportation sector is one of the most important tasks, and that effective measures must be taken as soon as possible.

The transportation industry covers a broad area. Not only does it cover transportation service itself, but also a variety of related businesses, including construction/maintenance of facilities, production of rolling-stocks/vehicles, and development of commercial facilities. Therefore, this sector has the potential to contribute to the revitalization of the economy in various ways. For example, in Japan, commercial developments inside/around the stations have achieved great success; the extension of the Washington Metro creates many jobs and offers new business opportunities; Japanese manufacturers are expanding their business in the U.S., which gives positive impacts on regional economy.

In this seminar, we will study how the transportation industry is involved with economic revitalization by sharing information and experiences from both countries, as well as discuss future developments of the transportation industry.