Economics of Land Transport in Singapore – Managing Traffic Congestion in Singapore
Jointly developed by LTA and MOE and launched in August 2010 for A’Levels Economics students, this is the last of a series of four case study videos that illustrate how economic concepts and principles apply to the land transport system in Singapore.
Managing Traffic Contestion in Singapore:
With limited land area and competing needs for land usage, meeting the increasing travel demands of Singaporeans is a huge challenge in Singapore. Traffic congestion is a negative externality and results in market failure. What steps can the government take to tackle the problem of traffic congestion? Find out more about SIngapore’s approach to managing traffic congestion.
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