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Action 14. The Government Needs to Play a Role In Selling Infrastructure Projects

In 2009 Japan lost out to South Korea in the bid for a project to build a nuclear power station in the United Arab Emirates. Lee Myung-bak, the president of South Korean at the time, personally negotiated with Sheikh Mohammed of the UAE by telephone on six occasions and directed the bidding process from the top. China has also begin competing with Japan for bullet trains construction projects in places like Brazil and California. It is essential to take lessons from the strong political will and policy execution systems seen overseas as these involve the government and private sector working together and have led to the countries concerned winning the international competition for orders.

Jul 06 / 2016
Category
Economics and Industry
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