Chapter 2
Infrastructure and Economic Growth
Infrastructure is a critical input for broad based and inclusive
growth aimed at improving the quality of life, generating
employment, and reducing poverty across regions. China and
other East Asian economies have been investing over 10 per
cent of their GDP in infrastructure as compared to about 4–5
per cent in India.
Gajendra Haldea
We need to stop thinking about infrastructure as an economic
stimulant and start thinking about it as a strategy. Economic
stimulants produce Bridges to Nowhere. Strategic investment
in infrastructure produces a foundation for long-term growth.
Roger McNamee
Dubai’s world class physical infrastructure has already
established it as a major player in terms of trade, tourism and
as the leading conference and exhibition venue in this part of
the world.
Abdul Aziz Al Ghurair
The Chinese economy has exploded. And like its legendary
firework displays, the explosion has been dazzling. In just
thirty years China has shifted some 300 million of its people
from abject poverty and wretched indigence to economic
standards that rival the West’s – a feat unprecedented in the
history of the world.
Dambisa Moyo
In the last decade the main driver of China’s boom was a
surge in the investment share of GDP from 35 per cent to
almost 50 per cent, a level that is unprecedented in any major
nation. Investment spending includes everything from
transportation and telecommunication networks to office
buildings and equipment, factories and factory machinery –
all the stuff that lays the foundation for future growth, which
is why this is a critical indicator.
Ruchir Sharma
© Springer Nature Switzerland AG 2021
V. Proag, Infrastructure Planning and Management: An Integrated Approach,
https://doi.org/10.1007/978-3-030-48559-7_2
33
Infrastructure and Economic Growth
Infrastructure is a critical input for broad based and inclusive
growth aimed at improving the quality of life, generating
employment, and reducing poverty across regions. China and
other East Asian economies have been investing over 10 per
cent of their GDP in infrastructure as compared to about 4–5
per cent in India.
Gajendra Haldea
We need to stop thinking about infrastructure as an economic
stimulant and start thinking about it as a strategy. Economic
stimulants produce Bridges to Nowhere. Strategic investment
in infrastructure produces a foundation for long-term growth.
Roger McNamee
Dubai’s world class physical infrastructure has already
established it as a major player in terms of trade, tourism and
as the leading conference and exhibition venue in this part of
the world.
Abdul Aziz Al Ghurair
The Chinese economy has exploded. And like its legendary
firework displays, the explosion has been dazzling. In just
thirty years China has shifted some 300 million of its people
from abject poverty and wretched indigence to economic
standards that rival the West’s – a feat unprecedented in the
history of the world.
Dambisa Moyo
In the last decade the main driver of China’s boom was a
surge in the investment share of GDP from 35 per cent to
almost 50 per cent, a level that is unprecedented in any major
nation. Investment spending includes everything from
transportation and telecommunication networks to office
buildings and equipment, factories and factory machinery –
all the stuff that lays the foundation for future growth, which
is why this is a critical indicator.
Ruchir Sharma
© Springer Nature Switzerland AG 2021
V. Proag, Infrastructure Planning and Management: An Integrated Approach,
https://doi.org/10.1007/978-3-030-48559-7_2
33