Infrastructure services in energy, transport, water and telecommunications services underpin the wealth of modern nations. Yet, inefficiencies abound. In developing nations hundreds of millions of people lack access to modern infrastructure services. Globally as much as 40% of expenditures on infrastructure may constitute waste, equivalent to some 1 to 2 % of global GDP. Michael Klein discusses infrastructure development, links between infrastructure, wealth and economic growth, and more.
Executive Director of the Institute for New Economic Thinking