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The $2 Trillion Question
Article

The $2 Trillion Question

How Can Leaders on Both Sides of the Pacific Take Advantage of America’s Infrastructure Crisis?

Patrick Sabol
BFA, 2013
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8

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  • Innovative

Recommendation

Policy researcher Patrick Sabol exposes the cracks in America’s outmoded infrastructure and urges the US government to take decisive action to upgrade the nation’s capital assets. Sabol suggests four steps to lure foreign investment to US shores, fostering a “win-win” outcome for all. getAbstract recommends this clear, brief article to central and local government representatives tasked with kick-starting infrastructure projects in their constituencies.

Take-Aways

  • Unless the United States invests $2.2 trillion to upgrade its outdated infrastructure, it may lose up to 3.5 million jobs and miss out on $3.1 trillion in GDP growth by 2020.
  • However, the US is incapable of financing the necessary modernization due to domestic political discord and a large public debt; it must seek overseas investment.
  • Asian nations, which boast cutting-edge infrastructure, present the most viable source of capital via “state-owned enterprises, pension funds, foreign exchange funds and sovereign wealth funds.”

About the Author

Patrick Sabol is a senior policy research assistant with the Brookings Metropolitan Policy Program. He was previously a consultant to the Clinton Global Initiative.

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