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Infrastructure in Latin America and the Caribbean - Recent Developments and Key Challenges (Paperback)
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Infrastructure in Latin America and the Caribbean - Recent Developments and Key Challenges (Paperback)
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Many Latin American and Caribbean countries have spent too little
on transport systems, water, sanitation, and electricity, which has
hampered growth, competitiveness, and poverty reduction.
Governments, overestimating the promise of private sector
participation, tried to off-load too much responsibility for
infrastructure financing and management, especially in the 1990s.
The result has been dashed hopes, insufficient improvement in
public services, and a widespread backlash against privatization.
Nonetheless, progress has been made and important lessons learned.
'Infrastructure in Latin America and the Caribbean' explores the
extraordinary transformations that have shaped infrastructure in
the region over the past 15 years. It delves into the need for
appropriate and responsible investment in infrastructure; examines
the crucial role that governments must play in infrastructure
financing, oversight, and provision; and encourages efforts to
appropriately engage the private sector. In addition, it emphasizes
the need for infrastructure policy to be sensitive to the social
and political context. The recommendations made will be of special
interest to policy makers, academics, and infrastructure
professionals and investors.
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