Rogoff: Curate Infrastructure to Assure a Good Return

The transcript discusses the importance of infrastructure investment, highlighting the potential returns and the role of government in funding such projects. It emphasizes the need for careful selection of projects with good returns and addresses the political and legal challenges involved. The conversation also touches on the idea of a technocratic approach to project selection, drawing comparisons with the UK's efforts. The discussion concludes with a reflection on the complexities of infrastructure development in modern economies.

What is the estimated return on infrastructure projects according to the McKinsey Global Institute?

• 6%

• 20%

• 25%

• 10%

Why is it important to select infrastructure projects with good returns?

• To reduce construction time

• To maximize economic benefits

• To ensure political support

• To avoid legal issues

What is suggested to help curate infrastructure projects?

• A private consultancy

• A government agency

• An international committee

• A public referendum

What is a major challenge in building infrastructure in the UK compared to China?

• Higher costs

• Legal complexities

• Lack of technology

• Insufficient workforce

What historical project is mentioned as having changed the economy forever?

• The Moon Landing

• The Digital Revolution

• The Construction of the Suez Canal

• The Industrial Revolution