East Asia Can’t Get Goods To Market
Tuesday, April 12, 2005
An Asian Development Bank, World Bank and Japan Bank for International Cooperation report, “Connecting East Asia: A New Framework for Infrastructure,” indicates that the public sector will be the main provider of infrastructure, while the role of the private sector will remain limited in the short to medium term.
East Asia is in danger of losing the logistical advantages that have driven its dynamic growth in recent decades, as the region’s infrastructure networks, especially in transport, are not keeping pace with development needs. The imperative of providing transport and other infrastructure facilities needed to “get goods to market” is great (in what are essentially export-dependent economies), and pressure is increasing to provide other types of infrastructure that more directly benefits the poor.
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Source: Oxford Analytica