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Infrastructure development in Korea

Related Document
Frame of Image the 2000s Concluding Remarks
1
Overview of Infrastructure
2
What is Infrastructure?
q Infrastructure is facilities which are necessary for the functioning of the economy and society. l Sometimes used interchangeably with SOC (social overhead capital) l Infrastructure = umbrella term for many activities referred as SOC both encompass activities that share technical features (economies of scale) and economic features (spill-over from users to non users). (World Bank, 1994)
q Economic vs. Social Infrastructure
l
Economic Infrastructure: economic activities.
Ø Ø Ø
facilities
essential
for
day-to-day
Transport facilities (roads, rails, airports and seaports)è Today’s focus Utility networks (for water, sewage, electricity, telecommunication, etc.) Industrial parks Schools, hospitals, libraries, prisons, and social welfare facilities
l
Social Infrastructure: facilities essential for the structure of society.
Ø
3
Characteristics of Infrastructure
q The characteristics of infrastructure
l l l l
Promote and support economic development indirectly Multiple objectives - efficiency, equity, and sustainability Lumpiness and huge capital requirement Scale economies and monopolistic supply For these reasons, infrastructure development has been regarded as a public sector’s role
à
q Provider of Infrastructure
l
Government, SOE, Outsource, Joint Venture, PPP, Privatization
4
Functions of Infrastructure
q Infrastructure development contributes to the productivity of firms, and quality of lives


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

Park, Hyeon

Publisher

[서울]:서울시립대

Date 2015-11
Pages 42
File Type Documents
Original Format pptx
Subject Official Aid
Holding KDI School
Project Term 2015-11-01 ~ 2015-11-14