The papers presented in this book were originally written as background papers to the World Bank's World Development Report 1994: Infrastructure for Development. The book consists of two parts. The chapters in Part 1 discuss how five East Asian economies --Taiwan, Malaysia, Korea, Singapore, and Hong Kong--renovated and built their infrastructure base to foster their transformation into industrial powers. The chapters discuss how each economy addressed the functional dimensions of infrastructure development: policymaking mechanisms, institutional, regulatory, and financing arrangements, and ownership and service delivery schemes. Each chapter highlights changing policy priorities and attempts to identify the challenges ahead. The chapters in Part 2 are case studies that illuminate financial, regulatory, organizational, and technological aspects of infrastructure development.