Private Infrastructure in East Asia : Lessons Learned in the Aftermath of the Crisis
Private participation in infrastructure has taken two distinct forms in the developing world. The first model, applied primarily in Latin America, focuses on privatization of existing infrastructure assets. The second, applied largely in East Asia,...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/04/1121147/private-infrastructure-east-asia-lessons-learned-aftermath-crisis http://hdl.handle.net/10986/13912 |
| Summary: | Private participation in infrastructure
has taken two distinct forms in the developing world. The
first model, applied primarily in Latin America, focuses on
privatization of existing infrastructure assets. The second,
applied largely in East Asia, focuses on retaining existing
assets in the public sector but seeking private sector
involvement to augment capacity through new greenfield
investments. The financial crisis that emerged in East Asia
in mid-1997 threatened to undermine much of the progress the
region had made in applying this second model to mobilize
private investment and financing for infrastructure. This
report describes the background of the 1997 financial crisis
in East Asia and its impact on private investment in the
region's infrastructure. It then analyzes lessons
learned in the aftermath of the crisis in six
countries--Indonesia, Malaysia, the Philippines, the
Republic of Korea, Thailand, and Vietnam--and explores how
these countries can respond to the new challenges. |
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