Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses
Investment growth in many emerging market and developing economies (EMDEs) has slowed sharply since 2010. Investment growth performance has varied significantly across different regions, however. This paper examines the temporal evolution of invest...
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World Bank, Washington, DC
2017
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okr-10986-262412021-06-14T10:12:31Z Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses Vashakmadze, Ekaterine Kambou, Gerard Chen, Derek Nandwa, Boaz Okawa, Yoki Vorisek, Dana economic growth investment climate infrastructure human capital fiscal policy developing economies emerging markets regional development Investment growth in many emerging market and developing economies (EMDEs) has slowed sharply since 2010. Investment growth performance has varied significantly across different regions, however. This paper examines the temporal evolution of investment growth in six EMDE regions, documents remaining investment needs, especially for infrastructure, and presents a set of region-specific policy responses to address these needs. It reports three main findings. First, investment growth has been particularly weak in EMDE regions with a large number of commodity exporters. In regions with a substantial number of commodity-importing economies, investment growth has been somewhat resilient but has also declined steadily since 2010. Second, sizable investment needs remain in most EMDE regions to make room for expanding economic activity and rapid urbanization. A sizeable portion of these investment needs is in infrastructure and human capital. Finally, while specific policy priorities vary across regions, several policy options to address remaining investment needs apply universally. These include more, or more efficient, public investment and measures to improve overall growth prospects and the business climate. Improved project selection and monitoring, as well as better governance, may enhance the efficiency and benefits from public investment. 2017-03-08T21:00:36Z 2017-03-08T21:00:36Z 2017-03 Working Paper http://documents.worldbank.org/curated/en/367091488463955863/Regional-dimensions-of-recent-weakness-in-investment-drivers-investment-needs-and-policy-responses http://hdl.handle.net/10986/26241 English en_US Policy Research Working Paper;No. 7991 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
economic growth investment climate infrastructure human capital fiscal policy developing economies emerging markets regional development |
| spellingShingle |
economic growth investment climate infrastructure human capital fiscal policy developing economies emerging markets regional development Vashakmadze, Ekaterine Kambou, Gerard Chen, Derek Nandwa, Boaz Okawa, Yoki Vorisek, Dana Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses |
| relation |
Policy Research Working Paper;No. 7991 |
| description |
Investment growth in many emerging
market and developing economies (EMDEs) has slowed sharply
since 2010. Investment growth performance has varied
significantly across different regions, however. This paper
examines the temporal evolution of investment growth in six
EMDE regions, documents remaining investment needs,
especially for infrastructure, and presents a set of
region-specific policy responses to address these needs. It
reports three main findings. First, investment growth has
been particularly weak in EMDE regions with a large number
of commodity exporters. In regions with a substantial number
of commodity-importing economies, investment growth has been
somewhat resilient but has also declined steadily since
2010. Second, sizable investment needs remain in most EMDE
regions to make room for expanding economic activity and
rapid urbanization. A sizeable portion of these investment
needs is in infrastructure and human capital. Finally, while
specific policy priorities vary across regions, several
policy options to address remaining investment needs apply
universally. These include more, or more efficient, public
investment and measures to improve overall growth prospects
and the business climate. Improved project selection and
monitoring, as well as better governance, may enhance the
efficiency and benefits from public investment. |
| format |
Working Paper |
| author |
Vashakmadze, Ekaterine Kambou, Gerard Chen, Derek Nandwa, Boaz Okawa, Yoki Vorisek, Dana |
| author_facet |
Vashakmadze, Ekaterine Kambou, Gerard Chen, Derek Nandwa, Boaz Okawa, Yoki Vorisek, Dana |
| author_sort |
Vashakmadze, Ekaterine |
| title |
Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses |
| title_short |
Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses |
| title_full |
Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses |
| title_fullStr |
Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses |
| title_full_unstemmed |
Regional Dimensions of Recent Weakness in Investment : Drivers, Investment Needs and Policy Responses |
| title_sort |
regional dimensions of recent weakness in investment : drivers, investment needs and policy responses |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/367091488463955863/Regional-dimensions-of-recent-weakness-in-investment-drivers-investment-needs-and-policy-responses http://hdl.handle.net/10986/26241 |
| _version_ |
1764461248505708544 |