- ADBI series on Asian Economic Integration and Cooperation
Edited by Biswa Nath Bhattacharyay, Masahiro Kawai and Rajat M. Nag
Chapter 2: Estimating demand for infrastructure, 2010–2020
Infrastructure plays a key role in promoting and sustaining rapid economic growth. Properly designed infrastructure can also make growth more inclusive by sharing its benefits with poorer groups and communities, especially by connecting remote areas and small and landlocked countries to major business centers. Studies in several developing Asian countries illustrate how infrastructure, particularly road transport and electricity, help in reducing poverty (ADB et al. 2005). Even if the Asia-Pacific region has witnessed progress in infrastructure development, the growth of infrastructure lags behind its economic growth, and also behind international standards of infrastructure quantity and quality. Inadequate infrastructure can hamper the potential economic growth of Asian countries, weaken their international competitiveness and adversely affect their poverty reduction efforts. Moreover, it is note worthy to stress that the Asia-Pacific region accounts for about 60 percent of the world’s population and 30 percent of the world’s total land area, with nearly two-thirds of the world’s poor found in developing Asia (ADB 2007).
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