Wednesday, October 06, 2010

Ezra Klein - Infrastructure: The best deal in the economy

Ezra Klein - Infrastructure: The best deal in the economy: "Because of the recession, construction materials are cheap. So, too, is the labor. And your borrowing costs? They've never been lower."

Taking the advice from Klein, Ukraine should also build infrastructure by borrowing from abroad and domestically (this is what the government is doing). It is a gamble, of course, because unlike for US, long-term perspectives of Ukraine as a country and its long-term economic growth are unclear.

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