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Abstract
Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?
Abstract
Durante las Ăşltimas tres dĂ©cadas, el gasto pĂşblico en infraestructura, como porcentaje del PIB, ha estado disminuyendo en todo el mundo. Aunque la relaciĂłn entre la inversiĂłn en infraestructura y el crecimiento econĂłmico aĂşn no se comprende cabalmente, la calidad de la infraestructura afecta sin lugar a dudas a la productividad de un paĂs, la competitividad en los mercados de exportaciĂłn y la capacidad para atraer inversiones extranjeras. Este estudio analiza las siguientes preguntas: ÂżDeberĂan los paĂses aumentar la inversiĂłn pĂşblica en infraestructura? Si la respuesta es sĂ, ÂżcĂłmo pueden hacerlo de una manera que sea responsable desde el punto de vista fiscal? ÂżSon las asociaciones pĂşblico-privadas una alternativa viable?
Abstract
Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?
Abstract
Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?
Abstract
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor countries, it also presents risks to those with small and undiversified economies. This pamphlet explores research by Fund staff into the nature and magnitude of these risks and proposes targeted policy solutions to ease adjustments and encourage developing countries to choose fuller participation in the world trading system.