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ARTICLE · 03 MAY 2017

Laying the foundations: a brighter global future

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Governments need to encourage and facilitate private infrastructure investment to help communities around the world.

AustraliaStrategy
John W H Denton
John W H Denton
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By 2050, the global population will rise from just over seven billion to a little under ten billion. Many countries will be hard pressed to meet the needs of their people. Already, there are considerable investment gaps in infrastructure. Looking ahead, no less than $3.3 trillion per annum will need to be invested worldwide in infrastructure projects by 2030 to keep pace with the population growth.

That's almost 4% global GDP.

Governments rightly focused on stability and resilience in the wake of the 2008 global financial crisis and have been slow to pivot their attention to infrastructure investment. A decade on, it's clear that the world has sorely missed this powerful lever for economic growth – stimulating demand, creating jobs and servicing communities. Effective infrastructure investment will help communities around the world. It is also a powerful political lever to pull in the battle against the rise of populism and nativist economic policy.

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