Now Is a Good Time to Invest in Infrastructure

2017-04-14T01:54:28-04:00September 30, 2014|

By Abdul Abiad, Davide Furceri, and Petia Topalova

Infrastructure is the backbone of well-functioning economies. Unfortunately, that backbone is becoming increasingly brittle in a number of advanced economies. For example, there has been a decline in the overall quality of infrastructure in the United States and Germany (Figure 1; see the FT 2014 and ASCE 2013 for more in infrastructure in the U.S., and Der Speigel 2014 and Kunert and Link 2013 for Germany). In many emerging market and developing economies, […]

Emerging Asia: At Risk of the “Middle-Income Trap”?

2017-04-15T13:54:22-04:00April 29, 2013|

ASinghBy Anoop Singh

(Versions in 中文 and 日本語)

Emerging economies in Asia have weathered the global financial crisis relatively unscathed and appear to be on track for continued strong growth this year and the next. Perhaps because the region has been doing rather well, policymakers’ concerns have increasingly shifted towards medium-term risks: could growth and fast convergence to living standards in advanced economies—come to an end?

In fact, while the economic performance of emerging economies in Asia remains undoubtedly strong in […]

More Asian Geese Ready to Fly

2017-04-15T14:39:48-04:00March 22, 2010|

The emergence of successive waves of new growth drivers not only benefits Asia, through the creation of trade and investment linkages and greater Asian integration, the formation of North-South economic linkages means wider benefits accrue.
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