08.06.2012 - CIC Chief Lou on crisis in Europe, investment focus
For three years, I’ve been calling for more investment in infrastructure globally, including in my last meeting with Larry Summers before he left the government. But according to our observation, global investment in infrastructure hasn’t increased, but decreased. That is because of political reasons. As an economist, I think infrastructure investment in the short term can help drive the world economy out of the crisis, and in the long term, can help sustain economic growth. When I first visited the U.S. in the 1980s, I really envied the infrastructure in the U.S. but now when we look at it, it’s very old. It’s the same case in Europe...............................................Full Article: Source
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