Infrastructure: The trillion-dollar gap
from The Chronicle Herald
According to the World Economic Forum, global spending on basic infrastructure — transportation, power, water and communications — currently amounts to $2.7 trillion a year when it ought to be $3.7 trillion. The gap is almost as big as South Korea's GDP, and it is likely to grow fast. In two areas, however, a few innovations could transform the market. The first is the professionalization of project management.
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