Infrastructure in Latin America
An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key ingredient for economic development. Over the past quarter-century, the retrenchment of Latin America's public sector from its dominant position in the provision of infrastructure, and the opening up of these industries to private participation, have renewed the debate on the role of infrastructure in the region's development. The focus of this paper is three-fold. First, it documents, in a comparative cross-regional perspective, the trends in Latin America's infrastructure development, as reflected in the quantity and quality of infrastructure services and the universality of their access. Overall, this suggests the emergence of an infrastructure gap vis-a-vis other industrial and developing regions. Second, it provides an empirical assessment of the contribution of infrastructure development to growth across Latin America. Third, it examines the trends in the financing of infrastructure investment -- documenting the changing roles of the public and private sectors -- and analyzes how they have been shaped by macroeconomic policy constraints.
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| id |
dig-okr-109863801 |
|---|---|
| record_format |
koha |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English |
| topic |
ACCESS REGULATION ACCESS TO SAFE WATER ACCESSIBILITY ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF RISK ALLOCATION OF RISKS CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CONCESSION CONCESSION AGREEMENTS CONCESSIONS CONDITIONAL CONVERGENCE CONSOLIDATION CONTRACT AWARD COST RECOVERY DEBT DEBT REPAYMENT DEFICITS DISTRIBUTION LOSSES DISTRIBUTION OF INCOME DIVESTITURE ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICIES ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES ELECTRICITY SUPPLY EMPLOYMENT ESCALATOR EXCESS DEMAND FEE COLLECTION FINANCING OF INFRASTRUCTURE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOREIGN FINANCING FREE MARKETS FUEL GENERATION CAPACITY GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROWTH IN DEMAND GROWTH RATES HARD BUDGET CONSTRAINTS HIGHWAY HIGHWAYS INCOME DISTRIBUTION INFLATION INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSPECTION INVESTMENT COSTS INVESTMENT OBLIGATIONS INVESTMENT SPENDING LAND TRANSPORT MACROECONOMICS O&M PAYBACK PERIOD PENSIONS POPULATION DENSITY POWER POWER SECTOR POWER THEFT PRESENT VALUE PRICE STABILITY PRIVATE FINANCING PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC POLICIES PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR INVESTMENT PUBLIC SECTOR RETRENCHMENT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES RAILWAYS REGULATORY FRAMEWORK ROAD ROAD NETWORK ROAD QUALITY ROADS SANITATION SERVICE RELIABILITY STATE ENTERPRISES STOCKS TAX TAX REVENUES TAXATION TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROAD PROGRAM TOLL ROADS TRAILS TRANSACTION COSTS TRANSFER OF ASSETS TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORTATION TRANSPORTATION SERVICES UTILITY PRIVATIZATION VEHICLE VEHICLES WALKING WEALTH ACCESS REGULATION ACCESS TO SAFE WATER ACCESSIBILITY ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF RISK ALLOCATION OF RISKS CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CONCESSION CONCESSION AGREEMENTS CONCESSIONS CONDITIONAL CONVERGENCE CONSOLIDATION CONTRACT AWARD COST RECOVERY DEBT DEBT REPAYMENT DEFICITS DISTRIBUTION LOSSES DISTRIBUTION OF INCOME DIVESTITURE ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICIES ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES ELECTRICITY SUPPLY EMPLOYMENT ESCALATOR EXCESS DEMAND FEE COLLECTION FINANCING OF INFRASTRUCTURE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOREIGN FINANCING FREE MARKETS FUEL GENERATION CAPACITY GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROWTH IN DEMAND GROWTH RATES HARD BUDGET CONSTRAINTS HIGHWAY HIGHWAYS INCOME DISTRIBUTION INFLATION INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSPECTION INVESTMENT COSTS INVESTMENT OBLIGATIONS INVESTMENT SPENDING LAND TRANSPORT MACROECONOMICS O&M PAYBACK PERIOD PENSIONS POPULATION DENSITY POWER POWER SECTOR POWER THEFT PRESENT VALUE PRICE STABILITY PRIVATE FINANCING PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC POLICIES PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR INVESTMENT PUBLIC SECTOR RETRENCHMENT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES RAILWAYS REGULATORY FRAMEWORK ROAD ROAD NETWORK ROAD QUALITY ROADS SANITATION SERVICE RELIABILITY STATE ENTERPRISES STOCKS TAX TAX REVENUES TAXATION TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROAD PROGRAM TOLL ROADS TRAILS TRANSACTION COSTS TRANSFER OF ASSETS TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORTATION TRANSPORTATION SERVICES UTILITY PRIVATIZATION VEHICLE VEHICLES WALKING WEALTH |
| spellingShingle |
ACCESS REGULATION ACCESS TO SAFE WATER ACCESSIBILITY ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF RISK ALLOCATION OF RISKS CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CONCESSION CONCESSION AGREEMENTS CONCESSIONS CONDITIONAL CONVERGENCE CONSOLIDATION CONTRACT AWARD COST RECOVERY DEBT DEBT REPAYMENT DEFICITS DISTRIBUTION LOSSES DISTRIBUTION OF INCOME DIVESTITURE ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICIES ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES ELECTRICITY SUPPLY EMPLOYMENT ESCALATOR EXCESS DEMAND FEE COLLECTION FINANCING OF INFRASTRUCTURE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOREIGN FINANCING FREE MARKETS FUEL GENERATION CAPACITY GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROWTH IN DEMAND GROWTH RATES HARD BUDGET CONSTRAINTS HIGHWAY HIGHWAYS INCOME DISTRIBUTION INFLATION INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSPECTION INVESTMENT COSTS INVESTMENT OBLIGATIONS INVESTMENT SPENDING LAND TRANSPORT MACROECONOMICS O&M PAYBACK PERIOD PENSIONS POPULATION DENSITY POWER POWER SECTOR POWER THEFT PRESENT VALUE PRICE STABILITY PRIVATE FINANCING PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC POLICIES PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR INVESTMENT PUBLIC SECTOR RETRENCHMENT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES RAILWAYS REGULATORY FRAMEWORK ROAD ROAD NETWORK ROAD QUALITY ROADS SANITATION SERVICE RELIABILITY STATE ENTERPRISES STOCKS TAX TAX REVENUES TAXATION TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROAD PROGRAM TOLL ROADS TRAILS TRANSACTION COSTS TRANSFER OF ASSETS TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORTATION TRANSPORTATION SERVICES UTILITY PRIVATIZATION VEHICLE VEHICLES WALKING WEALTH ACCESS REGULATION ACCESS TO SAFE WATER ACCESSIBILITY ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF RISK ALLOCATION OF RISKS CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CONCESSION CONCESSION AGREEMENTS CONCESSIONS CONDITIONAL CONVERGENCE CONSOLIDATION CONTRACT AWARD COST RECOVERY DEBT DEBT REPAYMENT DEFICITS DISTRIBUTION LOSSES DISTRIBUTION OF INCOME DIVESTITURE ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICIES ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES ELECTRICITY SUPPLY EMPLOYMENT ESCALATOR EXCESS DEMAND FEE COLLECTION FINANCING OF INFRASTRUCTURE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOREIGN FINANCING FREE MARKETS FUEL GENERATION CAPACITY GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROWTH IN DEMAND GROWTH RATES HARD BUDGET CONSTRAINTS HIGHWAY HIGHWAYS INCOME DISTRIBUTION INFLATION INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSPECTION INVESTMENT COSTS INVESTMENT OBLIGATIONS INVESTMENT SPENDING LAND TRANSPORT MACROECONOMICS O&M PAYBACK PERIOD PENSIONS POPULATION DENSITY POWER POWER SECTOR POWER THEFT PRESENT VALUE PRICE STABILITY PRIVATE FINANCING PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC POLICIES PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR INVESTMENT PUBLIC SECTOR RETRENCHMENT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES RAILWAYS REGULATORY FRAMEWORK ROAD ROAD NETWORK ROAD QUALITY ROADS SANITATION SERVICE RELIABILITY STATE ENTERPRISES STOCKS TAX TAX REVENUES TAXATION TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROAD PROGRAM TOLL ROADS TRAILS TRANSACTION COSTS TRANSFER OF ASSETS TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORTATION TRANSPORTATION SERVICES UTILITY PRIVATIZATION VEHICLE VEHICLES WALKING WEALTH Calderón, César Servén, Luis Infrastructure in Latin America |
| description |
An adequate supply of infrastructure
services has long been viewed by both academics and policy
makers as a key ingredient for economic development. Over
the past quarter-century, the retrenchment of Latin
America's public sector from its dominant position in
the provision of infrastructure, and the opening up of these
industries to private participation, have renewed the debate
on the role of infrastructure in the region's
development. The focus of this paper is three-fold. First,
it documents, in a comparative cross-regional perspective,
the trends in Latin America's infrastructure
development, as reflected in the quantity and quality of
infrastructure services and the universality of their
access. Overall, this suggests the emergence of an
infrastructure gap vis-a-vis other industrial and developing
regions. Second, it provides an empirical assessment of the
contribution of infrastructure development to growth across
Latin America. Third, it examines the trends in the
financing of infrastructure investment -- documenting the
changing roles of the public and private sectors -- and
analyzes how they have been shaped by macroeconomic policy constraints. |
| topic_facet |
ACCESS REGULATION ACCESS TO SAFE WATER ACCESSIBILITY ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF RISK ALLOCATION OF RISKS CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CONCESSION CONCESSION AGREEMENTS CONCESSIONS CONDITIONAL CONVERGENCE CONSOLIDATION CONTRACT AWARD COST RECOVERY DEBT DEBT REPAYMENT DEFICITS DISTRIBUTION LOSSES DISTRIBUTION OF INCOME DIVESTITURE ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICIES ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES ELECTRICITY SUPPLY EMPLOYMENT ESCALATOR EXCESS DEMAND FEE COLLECTION FINANCING OF INFRASTRUCTURE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOREIGN FINANCING FREE MARKETS FUEL GENERATION CAPACITY GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROWTH IN DEMAND GROWTH RATES HARD BUDGET CONSTRAINTS HIGHWAY HIGHWAYS INCOME DISTRIBUTION INFLATION INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSPECTION INVESTMENT COSTS INVESTMENT OBLIGATIONS INVESTMENT SPENDING LAND TRANSPORT MACROECONOMICS O&M PAYBACK PERIOD PENSIONS POPULATION DENSITY POWER POWER SECTOR POWER THEFT PRESENT VALUE PRICE STABILITY PRIVATE FINANCING PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC POLICIES PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR INVESTMENT PUBLIC SECTOR RETRENCHMENT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES RAILWAYS REGULATORY FRAMEWORK ROAD ROAD NETWORK ROAD QUALITY ROADS SANITATION SERVICE RELIABILITY STATE ENTERPRISES STOCKS TAX TAX REVENUES TAXATION TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROAD PROGRAM TOLL ROADS TRAILS TRANSACTION COSTS TRANSFER OF ASSETS TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORTATION TRANSPORTATION SERVICES UTILITY PRIVATIZATION VEHICLE VEHICLES WALKING WEALTH |
| author |
Calderón, César Servén, Luis |
| author_facet |
Calderón, César Servén, Luis |
| author_sort |
Calderón, César |
| title |
Infrastructure in Latin America |
| title_short |
Infrastructure in Latin America |
| title_full |
Infrastructure in Latin America |
| title_fullStr |
Infrastructure in Latin America |
| title_full_unstemmed |
Infrastructure in Latin America |
| title_sort |
infrastructure in latin america |
| publishDate |
2010-05-01 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100524133508 https://hdl.handle.net/10986/3801 |
| work_keys_str_mv |
AT calderoncesar infrastructureinlatinamerica AT servenluis infrastructureinlatinamerica |
| _version_ |
1809106211970220032 |
| spelling |
dig-okr-1098638012024-08-08T16:06:27Z Infrastructure in Latin America Calderón, César Servén, Luis ACCESS REGULATION ACCESS TO SAFE WATER ACCESSIBILITY ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF RISK ALLOCATION OF RISKS CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL STOCK CONCESSION CONCESSION AGREEMENTS CONCESSIONS CONDITIONAL CONVERGENCE CONSOLIDATION CONTRACT AWARD COST RECOVERY DEBT DEBT REPAYMENT DEFICITS DISTRIBUTION LOSSES DISTRIBUTION OF INCOME DIVESTITURE ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICIES ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES ELECTRICITY SUPPLY EMPLOYMENT ESCALATOR EXCESS DEMAND FEE COLLECTION FINANCING OF INFRASTRUCTURE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOREIGN FINANCING FREE MARKETS FUEL GENERATION CAPACITY GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT OBLIGATIONS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROWTH IN DEMAND GROWTH RATES HARD BUDGET CONSTRAINTS HIGHWAY HIGHWAYS INCOME DISTRIBUTION INFLATION INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PERFORMANCE INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSPECTION INVESTMENT COSTS INVESTMENT OBLIGATIONS INVESTMENT SPENDING LAND TRANSPORT MACROECONOMICS O&M PAYBACK PERIOD PENSIONS POPULATION DENSITY POWER POWER SECTOR POWER THEFT PRESENT VALUE PRICE STABILITY PRIVATE FINANCING PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC POLICIES PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR INVESTMENT PUBLIC SECTOR RETRENCHMENT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES RAILWAYS REGULATORY FRAMEWORK ROAD ROAD NETWORK ROAD QUALITY ROADS SANITATION SERVICE RELIABILITY STATE ENTERPRISES STOCKS TAX TAX REVENUES TAXATION TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROAD PROGRAM TOLL ROADS TRAILS TRANSACTION COSTS TRANSFER OF ASSETS TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORTATION TRANSPORTATION SERVICES UTILITY PRIVATIZATION VEHICLE VEHICLES WALKING WEALTH An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key ingredient for economic development. Over the past quarter-century, the retrenchment of Latin America's public sector from its dominant position in the provision of infrastructure, and the opening up of these industries to private participation, have renewed the debate on the role of infrastructure in the region's development. The focus of this paper is three-fold. First, it documents, in a comparative cross-regional perspective, the trends in Latin America's infrastructure development, as reflected in the quantity and quality of infrastructure services and the universality of their access. Overall, this suggests the emergence of an infrastructure gap vis-a-vis other industrial and developing regions. Second, it provides an empirical assessment of the contribution of infrastructure development to growth across Latin America. Third, it examines the trends in the financing of infrastructure investment -- documenting the changing roles of the public and private sectors -- and analyzes how they have been shaped by macroeconomic policy constraints. 2012-03-19T18:40:04Z 2012-03-19T18:40:04Z 2010-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100524133508 https://hdl.handle.net/10986/3801 English Policy Research Working Paper ; No. 5317 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain |