The book addresses senior policy makers interested in understanding and debating key issues currently faced by the better performing emerging markets throughout the world. Papers in the volume address international capital flows, financial markets, globalization, and private participation in infrastructure development.
The papers included in this book were among those discussed at the Emerging Markets Forum meeting in Jakarta, Indonesia in September 2007. The underlying premise of the book is that growth and development in emerging market economies is now heavily dependent on: international private capital flows; development of financial markets; the countries ability to integrate successfully with the global economy through trade and investment; and their ability to forge public private partnership, including, in infrastructure development. A particular emphasis is on contrasting and comparing experiences in Asia and Latin America.
Building Asia's Infrastructure: Issues and Options
Asia has always recognized the role of infrastructure in creating wealth. Archaeological evidence points to the exchange of goods between Mesopotamia and Indian and Chinese territories between 7500 and 4000 BC. The Silk Route created prosperous clusters of towns and trading posts while connecting Asia and Europe through the Middle East. In more recent history, Asian nations were openly trading with each other long before Europeans arrived in the region. And historians have argued that it is the capabilities developed through this long history of intra-Asian trade which allowed Japan and the newly industrialized economies to emerge as economic success stories in the late 20th century. Also, an interesting ...