What is a Developing Country?
More and more, the answer is the good ol' U.S. of A:
There are lots of ways in which infrastructure inadequacy matters to the US but I would focus on two.
First, it imposes a drag on economic growth. The private infrastructure is poor enough – broadband speeds lag behind other countries and mobile coverage is spotty. But much of the public infrastructure is unfit, a fact that was becoming clear even before Hurricane Katrina flooded New Orleans and a Minneapolis bridge collapsed during rush hour last year.
Second, it presents an awful image of the US to investors and other visitors. The state of transport and communications infrastructure is a symbol of a nation’s economic development and the US is starting to look like a third world country. In fact, scratch that. Many developing countries look and feel better.
- Frank's blog
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