In order to enable a vibrant, growing economy, the world needs infrastructure. That includes highways, railroads, cellular towers, airports, seaports, a robust electrical grid, electrical power plants, oil and gas pipelines, and water and sewer utilities. In the developed world, this mostly involves upgrades and maintenance. But, in the developing world, it often means starting from scratch. Between now and 2030, this total investment is expected to reach $70 trillion to $100 trillion and employ hundreds of millions of people. Who will fund this construction? Where will it be built? What are the implications? We’ll explain.
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