It should, however, be noted that the current rise in crude oil prices has characteristics different from the past crises. In the current phase, global demand for crude oil has continued expanding over an extended period, and growth in demand from emerging economies has contributed in particular.
There are pressing demands to invest more in infrastructure, especially in the transport and power sectors, but before we scale up public investment, we need to invest resources in strengthening our capacities to implement public capital projects; capacities for project evaluation, public procurement, project management, etc.