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Infrastructure Development in Korea

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Frame of Image nd Infrastructure Development Policy in Korea: A Chronological Review
2
Infrastructure and Economic Growth
 Infrastructure development has played an important role in achieving high rate of economic growth and improving the quality of life of Koreans
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Empirical studies show that infrastructure development contributed to economic growth in Korea. Studies show that the infrastructure investment in the past represents higher rate of economic return than the growth rates of Korea’s economy.
Vaguely defined, and often interchangeably used with SOC, infrastructure is a concept that is primarily related to activities that share such technical and economic features as economy of scale and spillovers from users to non-users
 Infrastructure or social overhead capital (SOC)
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3
Classification of Infrastructure
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Economic vs Social infrastructure
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Economic Infrastructure
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Transport (Roads, Rails, Airports and Seaports): Today’s focus Industrial parks Power plants and dams Telecommunication Schools, museums, hospitals, public housing and social welfare facilities
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Social Infrastructure
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 The World Bank (1994) classification of infrastructure
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Public utilities: telecommunications, power, piped water supply, sanitation and sewerage, solid waste collection and disposal, and piped gas Public works: roads, major dams and canal works for irrigation and drainage Other transport sector: urban and inter-urban railways, ports, waterways, airports, and urban transport systems in


Full Text
Title Infrastructure Development in Korea
Similar Titles
Material Type Proceedings
Author(English)

Hyeon Park

Author(Korean)

박현

Date 2013
Event

Korea-Singapore Joint Training on Senior Executive

Pages 44
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Construction
Holding KDI School of Public Policy and Management
Venue Seoul, Korea