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Infrastructure, Value Chains, and Economic Upgrades / Luo, Xubei.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Luo, Xubei.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Economic Growth.
- Economic Theory and Research.
- Global Value Chains.
- Industrial and Consumer Services Products.
- Industrial Economics.
- Industry.
- Infrastructure Gap.
- International Economics and Trade.
- International Trade and Trade Rules.
- Least Developed Countries.
- Macroeconomics and Economic Growth.
- Structural Upgrades.
- Transport and Trade Logistics.
- Local Subjects:
- Economic Growth.
- Economic Theory and Research.
- Global Value Chains.
- Industrial and Consumer Services Products.
- Industrial Economics.
- Industry.
- Infrastructure Gap.
- International Economics and Trade.
- International Trade and Trade Rules.
- Least Developed Countries.
- Macroeconomics and Economic Growth.
- Structural Upgrades.
- Transport and Trade Logistics.
- Physical Description:
- 1 online resource (19 pages)
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Infrastructure development is critical to delivering growth, reducing poverty, and addressing broader development goals. This paper surveys the literature on the linkages between infrastructure investment and economic growth, discusses the role of infrastructure in participation in global value chains and supporting economic upgrades, highlights the challenges that the least developed countries face, and provides policy recommendations. It suggests that addressing the bottlenecks in infrastructure is a necessary condition to provide a window of opportunity for an economy to develop following its comparative advantage. With the right conditions, good infrastructure can support an economy, particularly a less developed economy, to reap the benefits of participation in global value chains to upgrade the economic structure.
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