Infrastructure in Latin America Suffers Underinvestment

Many Latin American governments have underinvested in infrastructure. Alejandro Foxley says government infrastructure expenditure accounts for less than 2 percent of the gross domestic product.

By Mark Maathuis // 08 April 2009

Many Latin American governments have underinvested in infrastructure. Alejandro Foxley says government infrastructure expenditure accounts for less than 2 percent of the gross domestic product. That is not even half of what East Asia spends on infrastructure, which is about 7 percent of GDP, according to the Chilean foreign affairs minister.