Lousy infrastructure and high interest rates boost costs in Indonesia, he argues.

WSJ: China Trade Rise Prompts Shifts Around the Globe

Lousy infrastructure already costs money: deliveries take longer and use more fuel, and workers need training they did not get at school.

ECONOMIST: California's economy

There are many reasons why private investors might be deterred from an impoverished African country: corruption, insecure property rights, fragmented markets, lousy infrastructure.

ECONOMIST: Economics focus

But Day believes millions of desperately poor people, trapped by lousy infrastructure, can achieve a better life through bicycles--albeit not the kind of bicycles that Sram and its customers make.

FORBES: Creative Giving

In emerging markets it is hard for companies to stick to one specialism, because they have to worry about so many wider problems, from lousy infrastructure to unreliable supply chains.

ECONOMIST: Schumpeter