LEADER 00725nam0-2200253 --450 001 9910223158903321 005 20190221100334.0 035 $a(OCoLC)384434 100 $a20171107d1965----kmuy0itay5050----ba 101 0 $aeng 102 $aUS 200 1 $a<>church and urban renewal$fGeorge D. Younger 210 $aPhiladelphia ; New York$cJ. B. 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Empirical studies unequivocally show that under-investment in infrastructure limits economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be an effective tool in fighting poverty reduction. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. 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