The Triple-Power of Infrastructure Spending

A great reminder in these topical examples that targeted infrastructure spending is tripled powered - driving higher levels of AD, long run aggregate supply and competitiveness.

Naturally there are always risks (consider possible government failures including inadequate cost-benefit analysis and a risk that capital projects fall foul of corruption) but on the other hand, a failure not to invest in infrastructure can carry even bigger risks for sustainable and inclusive growth.

My regular hat tip to James Hall (Hall About Africa) for his fantastic twitter feed picking up on superb examples of projects in construction and completed and why they matter.