This story is from the 2014 Access 25. Explore more from this issue

Infrastructure

While Japan and Germany still lead the pack in infrastructure readiness, the U.S. is among a long list of countries desperate for investment.

January 2014

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An infrastructure deficit continues to be an albatross around the neck of the global economy. Experts including World Bank chief economist Justin Lin see infrastructure investment as a way to jump-start the world economy during the slow recovery from the Great Recession.

In the U.S., Laura D’Andrea Tyson, professor in the Haas School of Business at the University of California, Berkeley, has argued that investing an additional $150 billion per year in new highways, bridges, railways and airport capacity would create 1.8 million new jobs and add up to $400 billion to U.S. GDP by 2020.

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