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Foundations of the Future examines the geo-economic and geo-strategic implications of a growing global 'battle' to promote infrastructural connectivity across and between continents of the world. In this context, it highlights the importance of China's Belt and Road Initiative and of corresponding initiatives by the United States, Japan, India and Australia, among others.This book argues that many of the world's most advanced economies have neglected investment in basic infrastructure in recent decades, at a potential cost to their future economic and social development. It examines some of the financial and ideological constraints behind this neglect and argues that advanced economies in general need to adopt fundamental reforms in their approach to infrastructure. By emphasising the 'battle' elements of emerging infrastructure competition among major powers, the book sets out to alert policymakers to the danger of some of these powers losing out in what is becoming a race to stay ahead or even abreast of others in the bid to achieve global physical connectivity.Related Link(s)
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Infrastructure represents the core underpinning architecture of the global economic system. Adopting an approach informed by realism, this insightful book looks at the forces for the integration and fragmentation of the global infrastructure system. The authors undertake a thorough examination of the main internationalised infrastructure sectors: energy, transport and information. They argue that the global infrastructure system is a network of national systems and that state strategies exert powerful forces upon the form and function of this system.
Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and multifaceted implications for social progress. At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Professor Emeritus of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University, and his team of experts tackle the issue by focussing on key findings backed by serious theoretical and empirical research. The result is a set of viable guideposts for researchers, policy-makers, students and anybody interested in the varied challenges of the contemporary economy.