emerging economies: And that is likely to be only one of many frequent — if not daily — confrontations with infrastructure systems that are bursting at the seams, according to The Japan Times. In advanced and emerging economies alike, roads and bridges need repair, water systems are aging or inadequate and power grids are overburdened, leading to blackouts. Petersburg, Russia – Every day, millions of people across the developed and developing world inch through gridlock or squeeze into packed subway cars to get to and from work. Too many countries have been short-changing infrastructure for decades, resulting in everyday inconveniences and, worse, creating roadblocks to economic growth. Governments also need to reform infrastructure planning and oversight. While a major infusion of funding is needed to address infrastructure gaps, finding the money is only part of the solution.
(news.financializer.com). As
reported in the news.
Tagged under emerging economies, infrastructure topics.