Open AccessInfrastructure Policy and Economic Growth: Case of Hong Kong
Author(s) -
Raymond Y. C. Tse,
John Raftery
Publication year - 1970
Publication title -
construction economics and building
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.4
H-Index - 20
ISSN - 2204-9029
DOI - 10.5130/ajceb.v1i1.2281
Subject(s) - business , government (linguistics) , investment (military) , value (mathematics) , industrial organization , private sector , investment value , foreign direct investment , public policy , finance , economics , economic growth , philosophy , linguistics , machine learning , politics , political science , computer science , law , macroeconomics , cash
The article argues that in most infrastructure projects, the government has to take up aleading role in managing the development of strategic infrastructure. This article alsodiscusses the value of an integrated approach linking the public and private sectors ininfrastructure investment. Such an integrated approach reflects both the need to buildagreement between various interested parties, and also the strength of the privatesector, whose forces may be effectively combined with foreign ventures. By so doingthe investment risk can be minimised and maximum market efficiency can be achieve