Financing Rural Infrastructure: Banks need to change track

By: Material type: ArticleArticlePublication details: Description: 28-38 pSubject(s): Online resources: In: Bank Quest; 88(2) April-June 2017Summary: Academic interest in rural infrastructure could be traced back to the development economists in the fifties and sixties like Arthur Lewis, RosensteinRodan, Ragner Nurkse, Albert Hirschman and Gunnar Myrdal. The Nobel Laureate, Myrdal, in his magnum opus Asian Drama: An Inquiry into the Poverty of Nations (1968), recommends increasing infrastructure investment in rural areas, especially in the Indian context.1 However, of late, the interest on rural infrastructure, worldwide, has waned following the tilt in development focus toward rapid urbanization. This is evidenced by our Google search for ‘Rural Infrastructure’ which returned only 11 PDF documents in a list of 160 entries displayed for the period 2012 to 2017 (April).
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Academic interest in rural infrastructure could be traced back to the development economists in the fifties and sixties like Arthur Lewis, RosensteinRodan, Ragner Nurkse, Albert Hirschman and
Gunnar Myrdal. The Nobel Laureate, Myrdal, in his magnum opus Asian Drama: An Inquiry into the Poverty of Nations (1968), recommends increasing infrastructure investment in rural areas, especially in the Indian context.1 However, of late, the interest on rural infrastructure, worldwide, has waned following the tilt in development focus toward rapid urbanization. This is evidenced by our Google search for ‘Rural Infrastructure’ which returned only 11 PDF documents in a list of 160 entries displayed for the period 2012 to 2017 (April).

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