Abstract
Extract: Infrastructure is vital and in increasing demand, especially in emerging economies with rapid rates of economic and population growth. Lack of infrastructure has been a major concern of many Southeast Asian leaders, triggered by the wide gap between demand and supply.
Apart from lacking an adequate supply of infrastructure to support economic growth and rapid urbanisation, emerging countries are also dealing with the challenges of improving the quality of their existing infrastructure. Infrastructure quality is a crucial factor in improving human well-being and safety, production efficiency, as well as expanding capacity. People can move faster and more safely, and can work more efficiently and creatively, giving them larger access to markets. Children can receive decent treatment in hospitals and education in schools, seeding us with hope for a better future across the region. Infrastructure is also believed to be a major factor in poverty alleviation.
Apart from lacking an adequate supply of infrastructure to support economic growth and rapid urbanisation, emerging countries are also dealing with the challenges of improving the quality of their existing infrastructure. Infrastructure quality is a crucial factor in improving human well-being and safety, production efficiency, as well as expanding capacity. People can move faster and more safely, and can work more efficiently and creatively, giving them larger access to markets. Children can receive decent treatment in hospitals and education in schools, seeding us with hope for a better future across the region. Infrastructure is also believed to be a major factor in poverty alleviation.
Original language | English |
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Place of Publication | Indonesia |
Publisher | Economic Research Institute for ASEAN and East Asia |
Number of pages | 78 |
Publication status | Published - 2014 |