The IMF released their World Economic Outlook yesterday. Part of the outlook includes a study that advocates increased investment in infrastructure. You can see it here http://www.imf.org/external/pubs/ft/weo/2014/02/pdf/c3.pdf
The crux of the study is that infrastructure forms the backbone of all modern societies. Described in the report as "a crumbling backbone", the last three decades has seen a significant decline in public infrastructure investment across almost all regions. By investing in infrastructure now, governments and the private sector can raise short term output through (among other things) job creation while also creating long term efficiencies and eliminating infrastructure bottlenecks.
The report concludes that the current environment of low financing costs and economic slack provides us with an opportunity to create an impressive infrastructural legacy if we invest well and efficiently. Well worth a read in our opinion.
No comments:
Post a Comment