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Institutions
Building Institutions That Can Absorb Development Capital
Capital is not scarce everywhere; implementation capacity often is.
The question
What should infrastructure make possible?
Capital is not scarce everywhere; implementation capacity often is.
What we observe
The asset is only the beginning
Capital is not scarce everywhere; implementation capacity often is.
The tension
Completion is visible; productive use is the test
The central issue is whether the intervention changes the conditions for productive activity, rather than only increasing the stock of assets.
TAY interpretation
The economic unit is the system around the asset
Capital is not scarce everywhere; implementation capacity often is.
Evidence and analysis
What the evidence shows
Closing proposition
From asset delivery to productive capability
Capital is not scarce everywhere; implementation capacity often is.