In some cases it is simply a matter of national

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Unformatted text preview: om scratch, leapfrogging us from behind. And countries saddled with aging infrastructure like ours—Canada, Australia, and the EU—are adjusting to the 21st-century global economy by investing historic amounts in strategic projects of national significance. Meanwhile, the United States trails in percentage of GDP spent on transportation infrastructure—1.7% compared to Canada’s 4% and China’s 9%—and risks falling further and further behind as a result. ) We are falling behind in comp-The find better ways to fund projects BAF, 2011 (“Falling Apart and Falling Behind”; FAS) pg.29 (Following the global financial crisis, how can other national governments afford to launch these large-scale investments ? In some cases, it is simply a matter of national priority: the UK, for example, has renewed a government commitment to infrastructure investment while significantly reducing government spending in other areas. But in all cases, other countries are able to muster the resources they need for public works by experimenting with newer financing mecha nisms than we tend...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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