The transport sector’s demand for oil is less price sensitive than any other part of the economy. This is partly because demand for transport services is relatively insensitive to price and partly because substitutes for oil in road transport are currently far from cost-effective. Evidence...

This report, published by the OECD's International Futures Program in cooperation with the Bob Hawke Prime Ministerial Center in Australia, aims to stimulate informed debate about the main integration issues facing the Asia-Pacific region in the decades ahead. It examines such issues as how the...