volume 32, issue 3, P360-390 2016
DOI: 10.1093/oxrep/grw022
View full text
|
|
Share
Atif Ansar, Bent Flyvbjerg, Alexander Budzier, Daniel Lunn

Abstract: China's three-decade infrastructure investment boom shows few signs of abating. Is China's economic growth a consequence of its purposeful investment? Is China a prodigy in delivering infrastructure from which rich democracies could learn? The prevalent view in economics literature and policies derived from it is that a high level of infrastructure investment is a precursor to economic growth. China is especially held up as a model to emulate. Politicians in rich democracies display awe and envy of the scale …

expand abstract