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Re-Building the World: The Structural Adjustment Through Mega-Infrastructures in the Era of Financialization

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  • Antonio Tricarico
  • Xavier Sol

Abstract

This article describes the global investment consensus for large infrastructure under construction at international level. Via a new wave of mega projects and their related revenue streams, infrastructure is being turned into an asset class. This growing agenda, which will shape future trade and investment patters globally, represents a new phase of globalization, financialization and structural adjustment. The authors identify risks and challenges linked to this new agenda, from detrimental climate impacts to debt burden for emerging economies.

Suggested Citation

  • Antonio Tricarico & Xavier Sol, 2016. "Re-Building the World: The Structural Adjustment Through Mega-Infrastructures in the Era of Financialization," Development, Palgrave Macmillan;Society for International Deveopment, vol. 59(1), pages 53-58, June.
    • Handle: RePEc:pal:develp:v:59:y:2016:i:1:d:10.1057_s41301-017-0082-0
    DOI: 10.1057/s41301-017-0082-0
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    References listed on IDEAS

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    1. Cristina Constantinescu & Aaditya Mattoo & Michele Ruta, 2020. "The Global Trade Slowdown: Cyclical or Structural?," The World Bank Economic Review, World Bank, vol. 34(1), pages 121-142.
    2. Bent Flyvbjerg, 2014. "What You Should Know About Megaprojects, and Why: An Overview," Papers 1409.0003, arXiv.org.
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    Cited by:

    1. Fleta-Asín, Jorge & Muñoz, Fernando, 2023. "When bigger is better: Investment volume drivers in infrastructure public-private partnership projects," Socio-Economic Planning Sciences, Elsevier, vol. 86(C).
    2. Surbhi Gupta & Anil Kumar Sharma, 2022. "Evolution of infrastructure as an asset class: a systematic literature review and thematic analysis," Journal of Asset Management, Palgrave Macmillan, vol. 23(3), pages 173-200, May.
    3. Faye Duchin, 2017. "Resources for Sustainable Economic Development: A Framework for Evaluating Infrastructure System Alternatives," Sustainability, MDPI, vol. 9(11), pages 1-15, November.

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