Globalisation and Infrastructure Needs

An overview of academic literature which suggests that investment in transport infrastructure may have an important positive influence in promoting international trade and economic growth is provided in this paper. It also provides some relatively new ideas as to why levels of infrastructure investment may be sub-optimal, not only in developing but also in developed economies. The literature that was reviewed in the paper suggests that infrastructure investment in any economy has an import international dimension. Infrastructure investment appears to be a strategic decision that can not be examined in isolation of the investment decisions of a country’s trading partners. Empirical findings also suggest that this strategic behavior arises from the spillovers across national boundaries create by infrastructure investments, which are an important determinant of international transport costs.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Bibliography; Figures; Tables;
  • Pagination: pp 249-273
  • Monograph Title: Benefiting from Globalisation. Transport Sector Contribution and Policy Challenges

Subject/Index Terms

Filing Info

  • Accession Number: 01140809
  • Record Type: Publication
  • ISBN: 9789282101681
  • Files: TRIS
  • Created Date: Sep 28 2009 10:44AM