In this video, Brookings expert Robert Puentes discusses the importance of construction projects and infrastructure investments that provide real and lasting value to the American economy. Puentes warns against thinly spreading around smaller infrastructure projects that only provide a short-term, seasonal boost in “shovel ready projects” that temporarily help job creation. Infrastructure investments can and must play a key role in the next American economy. Puentes urges that these smaller infrastructure projects must be connected to a larger infrastructure strategy that focuses on exports and globalization, technological innovation and clean energy. This will not only immediately create jobs and boost the economy, but also provide a framework that will sustain the American economy for the long term.
Also, if you are in the Washington DC area, Brookings will be hosting an event tomorrow, at the John L. Thornton China Center at Brookings, to discuss low-carbon development and clean energy in the United States and China. Follow this link for more information.