The announcement yesterday that the UK government had decided to withdraw the concession for services on the London to Edinburgh route from a joint venture between Virgin and Stagecoach has stimulated debate about the merits of private ownership versus public…
Category: Infrastructure
New thinking to promote infrastructure investment
Physical infrastructure and electronic and other processes are essential for value-creation, particularly in the intangible economy. People can’t create value unless they can interact and the greater interaction, the greater the value-creation. Roads, railways, metros, seaports and airports are among…
IMF gets serious about infrastructure
The world’s underinvested in infrastructure and a new approach to building infrastructure should be developed. That is the message of an IMF report published on 18 June. The report, named Making Public Investment More Efficient, critically reviews global experience in…
The market can’t solve the global infrastructure crisis
A new report by the IMF says that there is growing concern that low levels of infrastructure investment are hindering economic growth. “In many emerging market economies, infrastructure bottlenecks are not just a medium-term worry but have been flagged as…