Infrastructure development is essential to economic development in less developed countries (LDCs). In particular, ASEAN Member States (AMS) and developing East Asian countries have applied development strategies that aggressively utilise global value chains (GVCs), and the logistics infrastructure and industry-supporting infrastructure services have been crucial in this endeavour. In addition to the long-lasting effort of official development assistance (ODA) and other official funds (OOF) provided by the Organisation of Economic Cooperation and Development-Development Assistance Committee (OECD-DAC) countries and international organisations, the recent deeper commitments of China and other newly developed economies to infrastructure development will further stimulate infrastructure development in the region.
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)