UN survey says infrastructure investment key to developing economies
Wednesday, 24 April 2013
Public infrastructure investment is crucial to creating sustainable economies in developing countries, according to the United Nation's 2013 Economic and Social Survey of Asia and the Pacific.
The annual survey concludes that investment in infrastructure in developing economies will increase employment, stimulate growth, and decrease poverty and unemployment in a region where more than 800 million people struggle to survive on less than $1.25-a-day.
Professor Raja Junankar from UNSW's Industrial Relations Research Centre said: "The survey assesses the region's outlook as it navigates through global economic uncertainties, providing policy options and strategies to sustain development. It analyses a wide range of areas including economic growth, inflation, trade and investment, financial markets, employment and labour migration.
"The survey's approach is a refreshingly different way of approaching the macroeconomics of developing countries," Professor Junankar says. "The most important finding is that it is possible to promote environmental sustainability and inclusive growth, which involves decreasing unemployment, poverty and hunger, as well as decreasing vulnerable employment and reliance on informal economies."