Foreign Direct Investment in Cross-Border Infrastructure Projects
AbstractIn this paper the authors critically review the relevant information and literature that can enhance the feasibility and the successful implementation of cross-border infrastructure projects. They provide detailed information concerning foreign direct investment in the major emerging regions: East Asia and the Pacific, Latin America, and Eastern Europe. They also discuss the theoretical and empirical literature which sheds light on the characteristics of transnational infrastructure projects, who should conduct them, and what determines their existence. The literature points to the importance of government involvement in transnational infrastructure projects as there are clear external benefits which will otherwise not be reaped. It also points to the importance of coordination for the success of the project. The Asian Development Bank is well placed to perform that role. Lastly, they provide six cases of cross-border infrastructure projects, two each from East Asia, Latin America, and Eastern Europe. These cases illustrate the critical need for smooth coordination of the diverse groups of team players, top-level backing of the projects, as well as a thorough understanding of all the political and financial factors involved that can influence the success of these projects.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 274.
Length: 30 pages
Date of creation: 01 Apr 2011
Date of revision:
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cross-border infrastructure; transnational infrastructure projects; foreign direct investment; east asia pacific;
Other versions of this item:
- Alicia Garcia Herrero & K.C. Fung & Francis Ng, 2009. "Foreign Direct Investment in Cross-Border Infrastructure Projects," Working Papers 0917, BBVA Bank, Economic Research Department.
- Kwok-Chiu Fung & Alicia Garcia-Herrero & Francis Ng, 2011. "Foreign Direct Investment in Cross-Border Infrastructure Projects," Development Economics Working Papers 23262, East Asian Bureau of Economic Research.
- Kwok-Chiu Fung & Alicia Garcia-Herrero & Francis Ng, 2011. "Foreign Direct Investment in Cross-Border Infrastructure Projects," Governance Working Papers 23262, East Asian Bureau of Economic Research.
- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
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- Muhammad, Shahbaz & mohammad, Mafizur Rahman, 2011. "The dynamic of financial development, imports, foreign direct investment and economic growth: cointegration and causality analysis in Pakistan," MPRA Paper 32181, University Library of Munich, Germany, revised 12 Jul 2011.
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