Urban infrastructure for development

October 3 2016

The paper discusses the importance of infrastructure investment in growing cities, arguing that, in addition to its direct benefits, infrastructure plays crucial roles in enabling density and coordinating private investment decisions. Many cities have failed to invest in sufficient infrastructure due to inadequate financing tools (in particular failure to capture benefits through land value taxation) and fragmented urban authority.

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Authors

Paul Collier is Professor of Economics and Public Policy at the Blavatnik School of Government; a Professorial Fellow of St Antony’s College; Co-Director of the Centre for the Study of African Economies, Oxford and Director of the International Grown Committee.

Tony Venables is Professor of Economics at the University of Oxford where he also directs the Centre for the Analysis of Resource Rich Economies. He has published extensively in the areas of international trade and spatial economics, including work on trade and imperfect competition, economic integration, multinational firms, and economic geography.