POST-WAR SPECIFICS OF INFRASTRUCTURE MODERNIZATION IN ASIAN ECONOMIES

Keywords: infrastructure, modernization, Asia, post-war recovery, development, international aid, investments

Abstract

The article examines the specific challenges and strategies of post-war infrastructure modernization in Asian economies that have experienced significant destruction due to military conflicts. The research highlights the cases of Japan, South Korea, Vietnam, Cambodia, Afghanistan, and other countries, focusing on key areas of reconstruction, including transportation, energy, and water supply systems. Special emphasis is placed on the role of international financial assistance, including grants, loans, and public-private partnerships, in facilitating the recovery process. The study explores how funding from global institutions such as the World Bank, the United Nations, and the Asian Development Bank supported these countries in rebuilding their critical sectors while adopting innovative approaches to ensure sustainable development. The analysis underscores the importance of implementing institutional reforms that stimulate private sector investments and enhance the efficiency of public spending. Examples from Japan and South Korea are presented as benchmarks, showcasing how robust governance, strategic planning, and technological integration can accelerate economic recovery and foster long-term growth. Furthermore, the study examines the integration of green technologies and environmental sustainability into the reconstruction process, which contributed to creating resilient and future-ready infrastructure in these nations. Drawing parallels with the current challenges faced by Ukraine, the article identifies key lessons from these historical experiences to shape effective recovery strategies. The findings emphasize the need for coordinated efforts among domestic institutions, international organizations, and private investors to rebuild critical infrastructure and revitalize the economy. Recommendations include adopting advanced digital tools for project management, enhancing regional cooperation to attract foreign capital, and embedding climate resilience in reconstruction projects. By adapting best practices from global case studies, Ukraine can develop an innovative and sustainable economic framework, ensuring stability and competitiveness in the post-war period.

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Pou Sothirak, Geoff Wade, Mark Hong Cambodia: Progress and Challenges since 1991. - Singapur: Institute of Southeast Asian Studies, 2012. - 423 pages

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Rebuilding Iraq: Economic Reform and Transition. URL: https://documents1.worldbank.org/curated/en/323851468042569354/pdf/35141.pdf (data zvernennia 22.10.24 r)

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Published
2024-11-25
How to Cite
Pohuliaiko, Y. (2024). POST-WAR SPECIFICS OF INFRASTRUCTURE MODERNIZATION IN ASIAN ECONOMIES. Economy and Society, (69). https://doi.org/10.32782/2524-0072/2024-69-146
Section
FINANCE, BANKING AND INSURANCE