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Infrastructure and Economic Growth in Asia (Paperback, Softcover reprint of the original 1st ed. 2013)
Loot Price: R1,996
Discovery Miles 19 960
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Infrastructure and Economic Growth in Asia (Paperback, Softcover reprint of the original 1st ed. 2013)
Series: Economic Studies in Inequality, Social Exclusion and Well-Being
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Public spending on infrastructure plays an important role in
promoting economic growth and poverty alleviation. Empirical
studies unequivocally show that under-investment in infrastructure
limit economic growth. At the same time, numerous other studies
have shown that investment in infrastructure can be a highly
effective tool in fighting poverty reduction1. In that context, the
financing of infrastructure has been a critical element of most
economic growth and poverty reduction strategies in developing
countries, since the start of this millennium. This
book provides a comparative analysis of the aggregate and
sectoral implications of higher spending on infrastructure in three
very different Asian countries: China, Pakistan, and the
Philippines. Particular attention is paid to the role of
alternative financing mechanisms for increasing public
infrastructure investment, namely distortionary and
non-distortionary means of financing. The book will be of interest
to scholars and policy-makers concerned with economic growth in
developing countries.
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