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Enhancing Regional Cooperation in Infrastructure Development Including that Related to Disaster Management

image of Enhancing Regional Cooperation in Infrastructure Development Including that Related to Disaster Management

Adequate infrastructure in the four key sectors of transport, telecommunications, energy and water is a prerequisite for opening up access to global trade and investment flows. This study analyses the role of infrastructure and its socio-economic linkages as well as regional initiatives in creating, maintaining and utilizing infrastructure with a focus on financing such investment. The study identifies a number of specific options for strengthening regional cooperation in these areas.

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Conclusion

This study joins a growing body of literature on infrastructure development but has several features which will distinguish it from the rest. Firstly the study sounds an alarm. The Asian and Pacific region needs to invest in infrastructure to maintain its economic growth and competitive edge and to maintain its momentum towards achieving its MDGs, but the financial resources needed are simply enormous. It is worth noting that the World Bank, the Asian Development Bank and Japan Bank for International Cooperation have all pointed out the enormity of the region’s infrastructure funding needs.

English

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