Trends in the African Construction/Plant Building Market and Implications for Korea

6 Pages Posted: 6 Sep 2013 Last revised: 24 Oct 2013

See all articles by Young Ho Park

Young Ho Park

Korea Institute for International Economic Policy

Sungil Kwak

Korea Institute for International Economic Policy

Hyelin Jeon

Korea Institute for International Economic Policy

Jong-Moon Jang

Korea Institute for International Economic Policy

Date Written: March 21, 2013

Abstract

Africa is the poorest continent in the world in terms of public infrastructure. In any country with functioning public infrastructure, and roads form the backbone of transportation; responsible for the 80-90% of movements of people and goods. In Africa, however, only 20% or so of existing roads have been paved. The vast majority of existing railways was laid during the colonial era and is now obsolete, unable to function properly. Much of its port and airport facilities are similarly outdated, becoming, in effect, the major obstacle to the continent’s economic development.

Particularly conspicuous as well is the absence of proper electricity infrastructure. Almost 800 million Africans live in the sub-Saharan region, but the aggregate power generation capacity of the region lags behind the capacity of Spain (with a population of 45 million). If South Africa is not counted in with sub-Saharan Africa, the region’s power capacity is lowered to the level of Argentina. Nearly a quarter of the existing power facilities are out of order and obsolete. Thirty or so African countries, therefore, experience power outages on a daily basis with serious economic losses as a consequence.

Suggested Citation

Park, Young Ho and Kwak, Sungil and Jeon, Hyelin and Jang, Jong-Moon, Trends in the African Construction/Plant Building Market and Implications for Korea (March 21, 2013). KIEP Research Paper NO. World Economy Update-13-11. Available at SSRN: https://ssrn.com/abstract=2320927 or http://dx.doi.org/10.2139/ssrn.2320927

Young Ho Park (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Sungil Kwak

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Hyelin Jeon

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jong-Moon Jang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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