World Development Report 1994 : infrastructure for development - executive summary
World Development Report
Environmental Economics & Policies; Finance and Development; Banks & Banking Reform; Health Economics & Finance; Private Participation in Infrastructure
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Summary: Economic infrastructure - which includes transport, electrical energy, telecommunication, water and sanitation, and toxic waste disposal - provides services which are of fundamental importance for development. Infrastructure availability has significantly increased in developing countries within the last few decades. However, its yield is frequently deficient, inadequate maintenance prematurely deteriorates the installations and services and consequently it does not respond to the user needs and their ability to pay for them. In addition, infrastructure services are often overlooked as ways to alleviate poverty and improve environmental conditions. Politics in this sphere can no longer focus on increasing the quantity of installations, but rather the focus should be on improving the quality and efficiency of the services. This report examines the historical success and failures in the area of infrastructure and it concludes that in order for these services to be provided more effectively and efficiently it is necessary to introduce important changes in development incentives. Finally, the report identifies specific institutional policy reforms to improve economic infrastructure.
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