Emerging Economy Consumers Drive Infrastructure Needs
By Paolo Mauro
May 4, 2017
Versions in 中文 (Chinese), Français (French), 本語 (Japanese), Русский (Russian), and Español (Spanish)
The infrastructure needs of emerging market economies, like China or India, differ from those of advanced economies like the United States or Germany. Many emerging economies must substantially expand their energy and transportation networks, or build them from scratch, to accommodate rapid economic growth. Our research shows the more people make, the more they spend on transportation. With emerging economies’ middle classes booming and incomes rising, this has big implications for how policymakers choose to invest in infrastructure. […]