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7 In most developing countries, the demand for freight and passenger transport is growing faster than population and GDP growth rates. Moreover, the structure of freight transported has shifted dramatically. Globally, the share of raw materials moving between regions has declined while the share of cross-movements of manufactures and semi-manufactures has increased. Manufacturing exports now represent over 50% of total exports in low-income developing countries, more than 60% in middle-income countries, and in excess of 90% in Asia's newly industrialized economies.

There is an urgent need to develop a consistent regulatory framework for the airport sector. Economic regulatory frameworks are currently under review by a number of countries because of the profound structural and ownership changes within the aviation industry. Sector-specific economic regimes have been implemented in only three countries (Austria, South Africa, and the UK), but no independent airport economic regulatory entity exists. xi. , Austria, Canada, Jamaica, and the United States). Less common are commercial airports regulated and administered by the military (Angola and Argentina).

Conclusions xiv. To meet future challenges facing the aviation sector, a number of countries have initiated programs to improve the efficiency of air transport, especially their airport infrastructure. Given the variety of responses by government relative to private sector involvement, a strategic framework will be needed to provide a blueprint for capturing the potential economic benefits of the airport sector to the national economy and to stimulate private sector involvement. This framework will need to consider the development of an integrated transport policy framework; facilitating private sector participation; a restructuring agenda; a privatization agenda; and a regulatory agenda at both the national and international level.

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