The pitfalls of infrastructure spending: Lessons from Canada

Written by Reuven Brenner

Recent experience and debates about spending on infrastructure as being the panacea for Japan, the US, Western Europe, Canada, for job creation in particular, have reminded me of a long, detailed study I wrote about that topic back in 1998 about the miserable Canadian experience. At the root of that experience was the destruction of accountability in the federal government: and it is worth repeating how that happened. Perhaps present decisionmakers in political capital today can learn some lessons.

Read full article: Asia Times, November 19, 2016