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Foreign Direct Investment in Cross-Border Infrastructure Projects

Author

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  • Kwok-Chiu Fung

    (Asian Development Bank Institute (ADBI))

  • Alicia Garcia-Herrero
  • Francis Ng

Abstract

In this paper we critically review the relevant information and literature that can enhance the feasibility and the successful implementation of cross-border infrastructure projects. We provide detailed information concerning foreign direct investment in the major emerging regions : East Asia and the Pacific, Latin America, and Eastern Europe. We 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, we 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.

Suggested Citation

  • 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.
  • Handle: RePEc:eab:govern:23262
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    Cited by:

    1. Muhammad Shahbaz & Mohammad Mafizur Rahman, 2012. "The Dynamic of Financial Development, Imports, Foreign Direct Investment and Economic Growth: Cointegration and Causality Analysis in Pakistan," Global Business Review, International Management Institute, vol. 13(2), pages 201-219, June.
    2. Zeinab Asqari, 2014. "Investors Legitimate Expectations and the Interests of the Host State in Foreign Investment," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(12), pages 1906-1918, December.

    More about this item

    Keywords

    foreign direct investment; Cross-Border Infrastructure Projects; FDI; East Asia and the Pacific; Latin America; and Eastern Europe;

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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