Each week, more than one million people are either born in or migrate to cities around the world. Much of this rapid urbanization comes from the emerging world, putting tremendous pressure on that country's feeble infrastructure. Pipes burst, roads are jammed, the water is tainted and the lights even go out.
Merrill Lynch estimates that $6 trillion will need to be spent by selected emerging market countries over the next three years to meet the basic needs of these citizens. Water, transportation and energy investments will consume the bulk of these funds, accounting for 82 percent of total projected spending. Nearly every emerging market country Merrill researched will make an investment in all three.
While each developing country could benefit from an upgrade, needs vary. This table details how different emerging market countries stand up against each other in terms of quality for the country's roads, rails, ports, etc. We've highlighted the specific areas where the countries rank in the bottom half among the 133 surveyed by the World Bank.
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