Latin America 2008 - Investment Attractiveness Report, Julio Estrada
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Public infrastructure has the economic effect of increasing land values and in the case of well thought out public projects the amount of land value created/increased is greater than the initial/maintenance cost of the infrastructure. This means that any country could literally pull itself up by its own bootstraps by adopting policies to tax the increase of land value that occurs when the infrastructure is built. Unless landowners want to keep that value and keep their country impoverished.
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