Sept. 28 (Bloomberg) -- Developing nations will need to spend $1 trillion a year on infrastructure such as roads and power and telecommunications networks over the next 20 years to spur economic growth, a study released today predicted.
Asia will require most, about $15.8 trillion over the 20- year period, according to a joint study by Royal Bank of Scotland Group Plc and Cambridge University of 40 major emerging-market economies.
“Emerging Europe” will need $1.3 trillion, while Latin America will require $1.2 trillion. Of the so-called BRIC nations, China will need to invest $10.5 trillion, followed by India at $3.8 trillion, Russia at $462 billion and Brazil at $527 billion, the research forecasts.
--Editors: Andrew Langley, Jennifer Freedman
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