Inefficient infrastructure use in low-income countries stifles economic growth potential.
Infrastructure efficiency is crucial for economic growth in low and middle income countries. Inefficient use of infrastructure leads to smaller benefits from investments. Africa's slower growth compared to East Asia is partly due to inefficient infrastructure use. The difference in growth rates between high and low growth economies is largely explained by infrastructure efficiency, not just the amount of infrastructure. Effective use of infrastructure resources is more important for economic growth than simply having more infrastructure.