s have typically invested between 30 per cent and 40 per cent of GDP in roads, bridges, railways and other projects when their GDP per capita ranged from $2,000 to $15,000.The average in emerging markets today is 32 per cent, ranging from 21 per cent in eastern Europe to 37 per cent in Asia.To aid the shift up, governments should welcome inflows of cash from capital markets and reduce red tape tha