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Public Capital, Growth and WelfareAnalytical Foundations for Public Policy$
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Pierre-Richard Agénor

Print publication date: 2012

Print ISBN-13: 9780691155807

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691155807.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 16 September 2021

Introduction and Overview

Introduction and Overview

(p.1) Introduction and Overview
Public Capital, Growth and Welfare

Pierre-Richard Agénor

Princeton University Press

This introductory chapter begins with a brief discussion of the persistence of poverty and lack of progress in human development today. The situation has led policymakers to put renewed emphasis on policies aimed at promoting economic efficiency and improving the productivity of the poor, generating income-earning capabilities and creating opportunities for using them productively, through education and health, increasing opportunities to invest in small- and medium-sized enterprises, and improving housing and basic infrastructure services. The chapter then sets out the book's purpose: to provide a systematic overview of the recent evidence on the different channels through which infrastructure may affect growth; to take a resolutely analytical approach by developing an integrated series of formal models for understanding how these channels operate; and to draw policy implications with respect to formulating growth and human development strategies. An overview of the subsequent chapters is also presented.

Keywords:   poverty, human development, economic development, economic efficiency, infrastructure

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