A major difference between developed countries and developing countries is the level of infrastructure investment. Countries that have invested in railroads, highways, electric grids, telecom networks, and other basic infrastructure are much more efficient than countries that have not made those investments. Efficiency leads to competitive advantages and higher wages, Which is why, in the midst of the Great Recession, I am surprised at how little is being said about building infrastructure. Building 21st century infrastructure will create jobs now and greater efficiencies in the future. For just one example of how this works, click here to read how Ontario, Canada is attracting private capital to build 21st century infrastructure.
2 Comments
Mike Pegram
8/16/2011 08:11:00 am
I am totally shocked that there really are all the jobs we need just sitting idle right now! Not just here in the US but all over the world! Ask yourself this...what is the most important job needed today? It's cleaning up this planet! Ridding the need for oil! Building solar panels on every roof! Installing small/large wind turbines!
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According to the World Watch Institute's report Renewable 2005, more than 1.7 million direct jobs were created worldwide from renewable energy manufacturing, operations and maintenance in 2004. For example, the wind industry has created 45,000 jobs in Germany and 20,000 in the U.K.
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