The civil tiltrotor aircraft's potential in developing economies
The civilian tiltrotor (CTR) is analyzed as a new transportation technology with the potential for changing one of the key economic factors linked to Third World economic development. It is contended that efficient, low-cost transport services are a necessary condition for the economic development of Third World countries and that the CTR's capabilities and operating costs can provide more efficient transport services than have heretofore been available to such countries. A case study of potential CTR use among the nations of the Carribean Basin region appears to offer both analytical and empirical support to these contentions. The analysis indicates that normal market mechanisms are adequate for development of air cargo services using the CTR's capabilities. It is suggested that implementation of this service may require new institutional arrangements, but overall it is concluded that tiltrotor technology could make an important contribution to the economic development of Third World countries.