Infrastructure is firmly at the top of government agendas. It’s the lynchpin of political platforms; the hope for sluggish economies; the unifier of regional diversity; the solution to climate change; an instrument for social change.
Infrastructure is firmly at the top of government agendas. It’s the lynchpin of political platforms; the hope for sluggish economies; the unifier of regional diversity; the solution to climate change; an instrument for social change. For a host of economic, social and political reasons, all governments — at all levels — are keenly focused on infrastructure.
The problem is that — over the past few years in particular — the rules of the game have changed. As this edition of Insight magazine clearly illustrates, the traditional approaches to infrastructure delivery have been disrupted. And this is creating massive opportunities for some, but also significant risks for many.
This is a pivotal point for most markets and societies; many of the decisions made today will reverberate for generations. The great fear is that some markets may look at all this disruption and choose to retreat inwards — to vainly try to protect their frail advantages with barriers and subsidies.
The great hope is that governments (strongly supported by their populations) will choose to redouble their integration into the global marketplace recognising that, while there will be short-term pains, the long-term gains will be immense.
In this edition of Insight magazine, we have sought to highlight both the good and the bad of globalisation. We hope to inspire some leaders to emulate the good and catalyse others to stamp out the bad. Moreover, we hope to clearly articulate the real and fundamental benefits that globalisation can bring in this new world order and at the same time highlight some of the risks.
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