Private Infrastructure in East Asia. Lessons Learned in the Aftermath of the Crisis
AbstractPrivate participation in infrastructure has taken two distinct forms in the developing world. The first model, applied primarily in Latin America, focuses on privatization of existing infrastructure assets. The second, applied largely in East Asia, focuses on retaining existing assets in the public sector but seeking private sector involvement to augment capacity through new greenfield investments. The financial crisis that emerged in East Asia in mid-1997 threatened to undermine much of the progress the region had made in applying this second model to mobilize private investment and financing for infrastructure. This report describes the background of the 1997 financial crisis in East Asia and its impact on private investment in the region's infrastructure.
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Bibliographic InfoPaper provided by World Bank - Technical Papers in its series Papers with number 501.
Length: 80 pages
Date of creation: 2001
Date of revision:
FINANCIAL MARKET ; INVESTMENTS ; INFRASTRUCTURE ECONOMIQUE;
Find related papers by JEL classification:
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
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- Patricia Clarke Annez & George E. Peterson, 2007. "Financing Cities : Fiscal Responsibility and Urban Infrastructure in Brazil, China, India, Poland and South Africa," World Bank Publications, The World Bank, number 6735, March.
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