Collecting 15% of GDP for infrastructure and healthcare can boost GDP of developing countries

According to the Economic and Social Survey of Asia and the Pacific – ESCAP’s long-running flagship publication – developing economies are on track to record an overall growth rate of 5.8 percent in 2017, compared with 5.4 percent the previous year. For 2018 and 2019, these economies are projected to grow by 5.5 percent, with …

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Railroad infrastructure boosted farm income India in the early 20th century by 16%

How large are the benefits of transportation infrastructure projects, and what explains these benefits? Before 1870, India barely had railroads. It didn’t have many canals either, and only a small percentage of the population lived along the three main rivers. So when goods needed to be transported, people used steer, which could pull freight about …

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A walls and dams will delay major sea level rise for a few centuries and cost 1000 times less

Princeton researchers recommend targeted geoengineering to preserve continental ice sheets. “Geoengineering interventions can be targeted at specific negative consequences of climate change, rather than at the entire planet,” postdoctoral research associate in Atmospheric and Oceanic Sciences Michael Wolovick said. The ice sheets of Greenland and Antarctica will contribute more to sea-level rise this century than …

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Failed Oroville Dam Spillway designed by inexperienced grad student in the 1960s

California’s Department of Water Resources was blasted in an independent report for having a culture of complacency and incompetence that contributed to last year’s near-disaster at Oroville Dam. The full 584 page independent forensic team report is here. The agency’s largest water storage site and the nation’s tallest dam at Lake Oroville fell into disrepair. …

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2018’s Hottest Tech Stock Is A Life Saver

Everyone’s heard the story about the government’s promise to spend $1 trillion on fixing America’s aging critical infrastructure. But there’s another big money story that few investors know of… Trump’s trillion-dollar pledge won’t come close to fixing our infrastructure. It’ll take $3.6 trillion to make this happen. And in the midst of this infrastructure crisis, …

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Multi-trillion dollar buildup of a China centric new world order for the 21st century

Beijing’s Belt and Road initiative is part and parcel of President Xi Jinping’s strategy to solidify China’s emergence as a great economic and military power, a leading expert on Asian economies said Wednesday. In May, 2017, China’s President Xi Jinping has pledged $124 billion (£96bn) for the scheme, known as the Belt and Road initiative. …

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$15 trillion Global Infrastructure spending gap over the next 22 years

Nearly a fifth of the $94 trillion in global infrastructure investment needed by 2040 risks being unfunded if current spending trends continue according to the G20-backed Global Infrastructure Hub. To close the spending gap, annual infrastructure spending needs to rise to 3.5 percent from 3 percent of global gross domestic product. The GIH, set up …

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Guangdong Hong Kong Macau economies to be tightly integrated and surpass Tokyo

China plans to turn the Guangdong-Hong Kong-Macau greater bay area into the world’s largest bay area in terms of GDP by 2030. This would mean surpassing Tokyo, New York and the San Francisco bay area economies. In 2016 combined regional GDP of the greater Guandong-Hong Kong and Macao bay area was 9.35 trillion yuan (US$1.38 …

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Trump planning to cut large infrastructure and construction permitting from 10 years to 4-12 months and adding $200 billion in incentives

To speed up infrastructure projects, officials are preparing to overhaul the federal environmental review and permitting system, which they blame for costly delays. Trump asked advisers whether they could collapse that process, which he said takes at least 10 years, down to four months. “But we’ll be satisfied with a year,” Trump said. “It won’t …

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China on track for over $1 trillion One Belt One Road investment by 2021

China One Belt, One Road is promising more than $1 trillion in infrastructure and spanning more than 60 countries from now to 2021. * power plants in Pakistan are part of an expected $46 billion worth of investment * tunnels and bridges and a 260-mile railway in Laos is a $6 billion project * hundreds …

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