Financing Infrastructure in Developing Countries: Lessons from the Railway Age

  title={Financing Infrastructure in Developing Countries: Lessons from the Railway Age},
  author={Barry Eichengreen},
In recent years suggestions for reforming the provision and financing of infrastructure services in developing countries have focused on private participation. This alternative to public financing is seen as a way both to minimize the inefficiencies of public administration and to avoid the need for external borrowing. If fact, for much of the nineteenth century, infrastructure projects were privately financed and built. This approach, however, did not obviate the need for government… 

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