Debate the Issues: Investment
Why do financial markets see so little risk, while companies that invest in the real economy appear to be much more prudent? How will we fund future pensions when interest on the products that finance them are so low? Where will the trillions of dollars needed to improve and extend infrastructures come from? How should international capital flows be regulated? These and other challenges are discussed in this collection of expert opinions on the social, economic and policy perspectives facing international investors, governments, businesses, and citizens worldwide.
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Investing in infrastructure
William Topaz McGonagall is universally acknowledged as the worst poet who ever wrote in the English language, but that didn’t stop him having an intuitive grasp of the economics of infrastructure investment. As he argued in The Newport Railway published to celebrate the Tay Bridge and the trains it carried to Dundee, the thrifty housewives of Newport/To Dundee will often resort/Which will be to them profit and sport/By bringing cheap tea, bread, and jam/And also some of Lipton's ham/Which will make their hearts feel light and gay/And cause them to bless the opening day/Of the Newport Railway […] And if the people of Dundee/Should feel inclined to have a spree/I am sure 'twill fill their hearts with glee/By crossing o'er to Newport/And there they can have excellent sport.
Also available in: French
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