GLOBAL PERSPECTIVES
Great Powers Invest in Infrastructure. The West Was the Prime Example.
Oct 22, 2019 | 10:00 GMT
(Hulton Archive/Getty Images)
Highlights
- How the West responds to its eroding strategic lead in building, updating and replacing infrastructure will do much to shape the 21st century.
- As Western governments struggle to find ways to invest in infrastructure, China talks of spending up to $8 trillion in overseas projects through its Belt and Road Initiative.
- The associated infrastructure costs of new technologies are great, the investment risky. But the payoffs are greater and the failure to invest is riskier.
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