Stephen Kinsella on Economics
Mega-projects raise the question of where private decision-making, private funding and private risk-taking should be preferred, and where public decision-making and action-taking is necessary.
A mega-project is defined as a single capital project that costs more than €1 billion and affects more than one million people. Mega-projects attract public attention by dint of their sheer size and scope.
They have a range of impacts beyond the footprint of the actual project. Some mega-projects are dams and bridges that destroy or connect communities, such as the Hoover Dam and New York’s subway system in the US, or China’s Danyang–Kunshan Grand Bridge,...
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