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Infrastructure Investment in Industrial Policy Design

Living reference work entry
Part of the Sustainable Development book series (SD)

Abstract

Infrastructure investment is critical for industrialization and technology-oriented development as it provides the basis for further private investments, capacity expansion, and competitiveness. Therefore, planning and realization of the desired infrastructure investments are an integral part of industrial policy design. The experience shows that efficiency of infrastructure development at almost every stage from feasibility to construction and operation can be increased through a proper networking and process management. Private sector involvement through public private partnership models can bring additional gains in especially financing and construction phases. We review the recent progress and country experiences at different industrialization stages to apprise the diversities of infrastructure investment in industrialization and development. We discuss how efficiently are they prioritized and financed as a part of a broader industrial policy. Given that financing has always been a constraint on growth and development, we propose solutions for sustainable infrastructure investment, industrialization, and development.

Keywords

Infrastructure investment Industrial policy Sustainable development Public private partnership Emerging markets 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2017

Authors and Affiliations

  1. 1.Department of EconomicsIstanbul Zaim UniversityIstanbulTurkey

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