Infrastructure Unbound
In emerging and developing economies, it is estimated that an additional $1-1.5 trillion in annual investment will be required through 2020 to meet growth targets. But simply increasing infrastructure investment is not enough to boost GDP and foster job creation.
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WASHINGTON, DC – Consider a simple statistic. Every month in the developing world, more than five million people migrate to urban areas, where jobs, schools, and opportunities of all kinds are often easier to find. But when people migrate, the need for basic services – water, power, and transport – goes with them, highlighting the boom in infrastructure demand.