Infrastructure: Defining Matters
36 Pages Posted: 13 Jan 2016 Last revised: 28 Jun 2017
Date Written: January 12, 2016
Abstract
Abstract by Sir Rod Eddington AO, Chairman Infrastructure Australia
Infrastructure is critical to our economy, our community and our pursuit of a sustainable environment. But what do we mean by the term “infrastructure” and do different understandings of that term confuse our attempts to decide on our future investment and development priorities?
In this important paper “Infrastructure – Defining Matters”, Drs Beeferman and Wain explore how we should consider and define “infrastructure”. They focus on enterprise and people and argue that context is critical. It is an important contribution to our thinking on this crucial topic.
They use both formal analysis and practical application to inform this different approach. A number of US Pension Funds contributed to the analysis via a comprehensive survey.
Beeferman and Wain challenge our understanding and definition of “infrastructure”. They argue that understanding infrastructure’s important role in our society is key to informed analysis. Th at this provides a context for economic and community analysis in both developed and developing countries.
This paper is a very useful contribution to an issue that is increasingly important to economies and communities around the world.
Keywords: Infrastructure, Pension Funds, Defining
Suggested Citation: Suggested Citation