Infrastructure and the Economy
Government Investment in Public Systems and Facilities
Infrastructure investment has received renewed interest as of late, with both President Trump and some Members of Congress discussing the benefits of such spending. The condition and performance of infrastructure is thought to affect the economic well-being of countries in a number of ways. What Is Infrastructure? Although infrastructure spending has garnered increased attention recently, there is no generally agreed-upon definition of infrastructure. In general, the term refers to longer-lived, capital-intensive systems and facilities. Some restrict the definition to include systems and facilities that have traditionally been provided by the public sector, such as highways and water treatment facilities. However,…
