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In the 2016 American presidential election, Hillary Clinton and Donald Trump agreed that the U.S. economy is suffering from dilapidated infrastructure, and both called for greater investment in renovating and upgrading the country's public capital stock.Other advanced economies also need to revive moribund investment, and emerging economies need to prepare for population growth, increased consumption, and higher demand for transportation spending.Initiatives adopted in the aftermath of the 2008 global financial crisis are beginning to promote infrastructure investment. And there is an even greater push for infrastructure investment in emerging economies – especially China, which is pursuing projects both at home and abroad. When done well, infrastructure investment can revive flagging economies and pay for itself, by galvanizing private-sector activity and fostering economic growth. Properly executed infrastructure investment entails more than just financing; it also requires that all the myriad details of a project's selection, design and implementation be closely managed.Transportation networks in emerging economies will have to expand vastly to keep up with this growing demand.Successfully boosting infrastructure investment in emerging economies is in everybody's interest. And with emerging economies now at the forefront of the fight against climate change, the world will benefit even more if investments in these countries are steered toward green-infrastructure projects.
Corruption had a paradoxical role in China’s growth
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