The role of infrastructure can never be undermined: not only does it influence marginal productivity of capital, but also lowers the cost of production, increases workers’ productivity and generates employment and therefore improves the quality of life. Poor infrastructure, on the other hand, is a deterrent to the flow of FDI into the country, which increases social cost. The good effects of infrastructure can be seen in Korea and Japan where it boosted economic development. This book presents the global experiences of many countries that attracted FDI into infrastructure projects. It is a guide to those interested in this subject.
Reflections on Free Market: Economy, Capital Markets, Banking, Forex Markets and Governance
As Murty turns his attention ...
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