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Infrastructure development in Korea (1)

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• Vaguely defined, and often interchangeably used  with SOC, a concept that was defined by such  development economists as R. Nurkse and A.  Hirshman ‐ Primarily related to activities that share such   technical and economic features as economy of    scale and spillovers from users to non‐users
3
• As defined by the World Bank (1994) ‐ it refers to those services being essential to the          activities of households and economic production;  ‐ The Bank classifies 3 types of infrastructure: 1)  public utilities, including telecommunications,   power, piped water supply, sanitation and  sewerage, solid waste collection and disposal, and  piped gas; 2) public works, including roads, major  dams and canal works for irrigation and drainage,  and 3) other transport sector, including urban and  inter‐urban railways, ports, waterways, airports, and  urban transport systems in general 4
2. The Role of Infrastructure in     Economic Growth 
• Provides indispensable services to production  activities, thus, essential for sustained economic  growth and social welfare ‐ Also essential for decent level of    consumption and adequate flow of business and household services in general ‐ Helps promote industrialization, urbanization and   local autonomy
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• Promotes construction industry as its investments rise  with economic growth ‐ Advanced countries such as the US and Great   Britain maintain about 10% construction investment  ratio while Japan, almost 20% ‐ Developing countri


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Title Infrastructure development in Korea (1)
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Material Type Reports
Author(English)

Kim, Jeong-ho

Date 2007
Pages 45
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < General
Holding KDI School of Public Policy and Management
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