Though the debate on infrastructure tends to focus on the need for creative financing, the real problem is not insufficient investment. Rather, the deterioration of the built environment reflects the world's fragmented approach to infrastructure planning, delivery, and operation.
TORONTO – “Infrastructure, by the nature of the word,” former US Secretary of State Madeleine Albright said in February 2013, “is basic to the functioning of societies.” And yet infrastructure has arguably been the forgotten economic issue of the twenty-first century. Indeed, failure to make the right infrastructure investments has impaired many countries’ potential to boost economic growth and employment.
TORONTO – “Infrastructure, by the nature of the word,” former US Secretary of State Madeleine Albright said in February 2013, “is basic to the functioning of societies.” And yet infrastructure has arguably been the forgotten economic issue of the twenty-first century. Indeed, failure to make the right infrastructure investments has impaired many countries’ potential to boost economic growth and employment.