When the money runs out

When the economy crashed in many parts of the world, governments attempted to stem the crisis by pouring money into massive stimulus programs. Much of the funding was earmarked for infrastructure projects, which have long been considered key drivers of economic growth. This article explores infrastructure projects around the world and discusses whether these megaprojects are falling short because of a lack of focused infrastructure funding. In doing so, it cites infrastructure projects in the United States, China, and the United Kingdom. It reports on how many of the global infrastructure projects are supported, in part, by stimulus money, but most countries' government funds are spread too thin and funneled toward smaller projects to boost local economies rather than programs that have a nationwide reach. As a result, stimulus spending had only moderate impact on long-term job growth or increased gross domestic product. It then discusses how public-private partnerships (PPPs) are a popular method to fill the
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