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East Asian Infrastructure Development in a Comparative Global Perspective : An Analysis of RIS Infrastructure Index

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  • Nagesh Kumar

    (RIS)

  • Prabir De

Abstract

Development of infrastructure is one of the key priorities of East Asia Summit (EAS) countries. By constructing an Infrastructure Index for 104 countries comprising all the EAS members, this paper examines the levels of infrastructure attainment of EAS countries in a comparative global perspective over time and space. It makes observations on the gaps between EAS countries in terms of infrastructure development, their overtime performance, and provides some policy recommendations for narrowing the gaps. The Infrastructure Index developed in this paper reveals very wide gaps in terms of infrastructure attainment across the EAS region, which seem to have widened rather than narrowed over time. The findings of this paper suggest that infrastructure development in the lagging EAS region needs to be paid due attention if the regional inequalities are not to widen further. The paper recommends creating a regional mechanism in order to utilize the regions foreign exchange reserves for development of regional cross-border connectivity and other infrastructure services, which, if followed, will not only assist in generation of new demand within the region but also strengthen the regional integration process in EAS.

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Bibliographic Info

Paper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 22114.

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Date of creation: Jan 2008
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Handle: RePEc:eab:develo:22114

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Related research

Keywords: infrastructure development; EAS; cross-border connectivity; policy recommendation;

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References

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  1. Canning, David, 1998. "A Database of World Stocks of Infrastructure, 1950-95," World Bank Economic Review, World Bank Group, World Bank Group, vol. 12(3), pages 529-47, September.
  2. Theodore H. Moran, 1998. "Foreign Direct Investment and Development: The New Policy Agenda for Developing Countries and Economies in Transition," Peterson Institute Press: All Books, Peterson Institute for International Economics, Peterson Institute for International Economics, number 53, July.
  3. Antonio Estache, 1994. "World Development Report: Infrastructure for Development," ULB Institutional Repository, ULB -- Universite Libre de Bruxelles 2013/44144, ULB -- Universite Libre de Bruxelles.
  4. Nagesh Kumar, 2000. "Explaining the geography and depth of international production: The case of US and Japanese multinational enterprises," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 136(3), pages 442-477, 09.
  5. Étienne Gilbert, 1994. "Banque mondiale, World Development Report 1994, Infrastructure for development," Revue Tiers Monde, Programme National Persée, Programme National Persée, vol. 35(140), pages 939-939.
  6. De, Prabir, 2006. "Trade, Infrastructure and Transaction Costs: The Imperatives for Asian Economic Cooperation," Journal of Economic Integration, Center for Economic Integration, Sejong University, Center for Economic Integration, Sejong University, vol. 21, pages 708-735.
  7. Nagesh Kumar, 1998. "Multinational enterprises, regional economic integration, and export-platform production in the host countries: An empirical analysis for the US and Japanese corporations," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 134(3), pages 450-483, September.
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Cited by:
  1. Prabir De, 2009. "Regional Cooperation for Regional Infrastructure Development : Challenges and Policy Options for South Asia," Development Economics Working Papers, East Asian Bureau of Economic Research 22988, East Asian Bureau of Economic Research.
  2. Prabir De, 2010. "Governance, Institutions, and Regional Infrastructure in Asia," Working Papers, eSocialSciences id:3029, eSocialSciences.
  3. Willem Thorbecke & Biswa N. Bhattacharyay, 2012. "Role of Production Networks in Sustaining and Rebalancing Asia's Growth," CESifo Working Paper Series, CESifo Group Munich 3896, CESifo Group Munich.
  4. Prabir De, 2010. "Governance, Institutions, and Regional Infrastructure in Asia," Governance Working Papers, East Asian Bureau of Economic Research 22878, East Asian Bureau of Economic Research.

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