Coming soon How Infra-structure investment will spur Economic growth in ASEAN? ------By Shan Saeed The next success story in Asia: MYANMAR. Myanmar was the second richest country in 1960. Asean economy needs infra-structure investment amounting to $1000 billion to spur growth to have sustainable economic trajectory for the next 15 to 20 years. Infrastructure investment and economic growth has positive correlation in keeping the momentum in the economy. Malaysian PM Najib Razak and Indonesian President Jokowi are both focusing on this strategy to spur growth rate for the next 5 to 10 years. My Nobel Laureate Late Professor Robert Fogel from University of Chicago Booth School of Business wrote a paper in 1964 about Japanese high speed train Shinkansen. Solid argument from the prof. News from Wall Street: lnkd.in/bhqwt2U Infra-structure requirement in various countries in ASEAN 1. Indonesia $ 400 billion 2. Myanmar $ 250 billion 3. Vietnam $ 80 billion 4. Philippines $ 100 billion 5. Malaysia $ 25 billion 6. Laos $ 50 billion 7. Cambodia $ 95 billion Total requirement for infrastructure investment to spur growth: $ 1 trillion Sources: WORLD BANK, IMF, ADB, Economist, Bloomberg and Business-week
Posted on: Sat, 08 Nov 2014 14:44:25 +0000
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