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INFRASTRUCTURES * USA - Analysis: Falling tax revenue is hurting U.S. shipping and prosperity
How to fix crumbling U.S. roads, rails and airways
New York,NY,USA -MarketWatch, by Christopher Hinton —June 17, 2011: -- If America’s prosperity depends on its roadways and transportation system, the future looks pretty rough... After more than a decade of declining tax revenue in the United States, highways are crumbling, rail lines are overburdened and airline corridors are congested. Factor in the economic weakness, the public’s tax-cutting mindset and geopolitical instability, and an already shaky situation looks ready to worsen for commerce, jobs and several industries that are crucial for transportation infrastructure... Analysts are pessimistic about the U.S. transportation system making progress. There isn’t enough money to maintain what the country has right now, much less to get to quality levels that are giving other nations a competitive advantage... It will also mean higher transportation costs, whether rail, trucking or shipping, and that will make American-made goods more expensive overseas and less competitive, Faucher said... Today U.S. infrastructure investments amount to 2.4% of the nation’s GDP, versus 5% in Europe and 9% in China, according to a data from the World Economic Forum... The worst solution is to do nothing, James said, and to assume private industry will simply step in and take over. Infrastructure is capital intensive, and sometimes it’s needed to serve marginal communities that will never provide the payments needed for a good return on investment...
Labels: infrastructures
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