Infrastructure, Value Chains, and Economic Upgrades
Infrastructure development is critical to delivering growth, reducing poverty, and addressing broader development goals. This paper surveys the literature on the linkages between infrastructure investment and economic growth, discusses the role of...
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| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/698191534165164781/Infrastructure-value-chains-and-economic-upgrades http://hdl.handle.net/10986/30237 |
| Summary: | Infrastructure development is critical
to delivering growth, reducing poverty, and addressing
broader development goals. This paper surveys the literature
on the linkages between infrastructure investment and
economic growth, discusses the role of infrastructure in
participation in global value chains and supporting economic
upgrades, highlights the challenges that the least developed
countries face, and provides policy recommendations. It
suggests that addressing the bottlenecks in infrastructure
is a necessary condition to provide a window of opportunity
for an economy to develop following its comparative
advantage. With the right conditions, good infrastructure
can support an economy, particularly a less developed
economy, to reap the benefits of participation in global
value chains to upgrade the economic structure. |
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