Boosting Public Infrastructure in Philippines Leads to Economic Growth Surge
The article explores how improving public infrastructure in the Philippines can boost the economy. By comparing the country's public capital and infrastructure quality to its neighbors, the researchers found that investing in infrastructure leads to long-term economic growth. They also discovered that making public investments more efficient has a big impact. However, borrowing money to fund these investments can lead to higher costs over time, so finding other ways to raise money is crucial.