- How the West responds to its eroding strategic lead in building, updating and replacing infrastructure will do much to shape the 21st century.
- As Western governments struggle to find ways to invest in infrastructure, China talks of spending up to $8 trillion in overseas projects through its Belt and Road Initiative.
- The associated infrastructure costs of new technologies are great, the investment risky. But the payoffs are greater and the failure to invest is riskier.
Having the best infrastructure has been a key to global dominance since the 18th century, but in the early 21st, there are alarming signs the West is losing its strategic lead. Everywhere, infrastructure is creaking and crumbling. Every part of the system seems to be getting old at the same time. How the West deals with this challenge — or, perhaps, opportunity — will do much to shape the geoeconomics and geopolitics of the 21st century...........To Read More.....