INFRACAST

The Economics of Infrastructure | Nigel Wilcock - Executive Director of the Institute of Economic Development and Managing Director of Mickledore

October 20, 2020

The Economics of Infrastructure | Nigel Wilcock - Executive Director of the Institute of Economic Development and Managing Director of Mickledore 

In today’s episode, we are joined by Nigel Wilcock to discuss the economics of infrastructure investment. This is a timely conversation as governments are increasingly turning to infrastructure to kick-start economic growth. 

Key learnings

  1. The relationship between infrastructure and economic growth is clear – the economies of Rotterdam (Euro Ports), Dubai (Airport), or Lyon (TGV) would not have their global status without the infrastructure investment which has occurred
  2. No one single asset class will transform an economy – Government needs to examine where specific infrastructure is required (roads, rail, utilities, broadband, etc) and invest accordingly
  3. Governments, Developers, and Users (the ‘Three-Legged Stool’) all have different roles to play in the delivery of infrastructure – and this may change based on the nature of the asset being delivered 
  4. Demand analysis is complex and extremely difficult to predict. Government policy, technology, or public sentiment all impact long-term demand for infrastructure. Accurately predicting demand is central to long term economic planning and success 

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