The Economic Promise of Climate-Smart Infrastructure
The time has come to think creatively and use investment in climate-smart infrastructure as a way to renew the globalization agenda. If we do, we can we help raise potential economic growth, boost shared prosperity, and move closer to eliminating extreme poverty around the world.
WASHINGTON, DC – Over the last few decades, globalization ushered in an unparalleled period of economic growth that helped reduce global inequality and create new opportunities for economic development. Nearly 1.1 billion people have been lifted out of extreme poverty since 1990, reducing their share of the global population from 35% to under 10%, according to recent estimates.