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Securing the benefits of globalization
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Globalization of infrastructure means different things to different people
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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And the globalization of infrastructure means different things in different markets
Developed markets
Developing markets
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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In developed markets: 1. movement of jobs
2. flow of investment
3. perception of widening social disparity
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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In developed markets: 1. catalyst to national economies
2. boon to standards of living
3. important driver of integration into world markets
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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Talk to leaders in Asia about globalization and the conversation quickly sharpens on the issue of connectivity
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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Over 600 million people live in the ASEAN region...yet the rural areas, cities and countries that make up the region are poorly connected
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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The good news is that significant efforts are now underway to improve connectivity within Asia and out to other regions
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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The grandest of these is the China-led Belt and Road initiative
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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The Belt and Road initiative is aimed at bringing improved integration to more than 60 countries across Asia, the Middle East and Europe
Silk Road Economic Belt (Land route)
Maritime Silk Road (maritime route)
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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The creation of the Asian Infrastructure Investment Bank also points to a renewed drive towards connectivity, cooperation and collaboration
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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Great strides are being madeBut more focus – particularly on institutional capacity – is needed
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
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In most cases, government leaders will want to focus on four key areas:
1. Institutional capacity
3. Project preparation
2. Project prioritization
4.International cooperation
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
kpmg.com/insightmagazine | #globalinfra
A harsh reality of globalization is that its benefits have not been distributed equally, within countries or around the world
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
kpmg.com/insightmagazine | #globalinfra
© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no clientservices and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.
Rectifying this imbalance could drive a golden era of international growth and development, particularly for Asia’s emerging markets
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