14 Items, Page 3 of 3

Trump's global infrastructure opportunity

Trump’s Global Infrastructure Opportunity

In his inaugural address, President Donald Trump reiterated a central policy priority of his campaign: the need to invest in our nation’s crumbling infrastructure. Last week, Senate Democrats introduced their own $1 trillion infrastructure plan. What has garnered less attention is the critical demand for infrastructure overseas, estimated at $4 trillion annually, that presents significant strategic and commercial opportunities for the United States. Yet the infrastructure arena is also one of fierce competition where other countries are leading and U.S. firms are lagging. As officials who recently concluded their service at the U.S. Departments of Commerce and State, we traveled across the globe leading U.S. business delegations and engaging foreign officials in support of our companies and job creation at home. While the United States has made strides in shoring up its competitiveness in the infrastructure sector, more can and must be done.

soft infrastructure

The Role of U.S. Soft-Infrastructure in Influencing the Reconnecting of Asia

In October, CSIS launched its Reconnecting Asia project, which seeks to track the various initiatives by China, Russia, Japan, South Korea, and other growing Asian powers to reconnect Asia and Europe via old trade routes. These modern-day Silk Roads will use highways, railroads, ports, bridges, and pipelines to reduce the travel time between the two continents. The best known of these initiatives is China’s “One Belt, One Road” in Central Asia. This is an ambitious undertaking across 43 countries that encompasses 69 percent of the global population and 60 percent of global gross domestic product (GDP). The efforts to reconnect Asia with Europe will be one of the biggest forces shaping the next 30 years, bringing new markets, people, and resources into the fabric of the global geopolitical landscape. If successful, it will revolutionize logistics and create trillions of dollars in economic value through increased trade and economic activity.