A massive infrastructure push is underway across Asia. The region’s infrastructure market could grow by 8 percent annually over the next decade, rising to nearly 60 percent of the global total. All told, the region’s infrastructure needs are estimated to exceed $1 trillion annually. China’s “One Belt, One Road” (OBOR) initiative is at the center of this push. Estimates vary, but all point toward an ambitious endeavor. Geographically, OBOR could span 65 countries responsible for roughly 70 percent of the world’s population. Economically, it could include Chinese investments approaching $4 trillion.
India’s Smart City vision is part of a larger agenda of creating Industrial Corridors between India’s big metropolitan cities in India.
Prime Minister Narendra Modi’s vision “Digital India,” has set an ambitious plan to build 100 smart cities across the country. Modi in his speech quoted, “Cities in the past were built on riverbanks. They are now built along highways. But in the future, they will be built based on availability of optical fiber networks and next-generation infrastructure.”
As this report spells out, “By 2030, Asia-Pacific countries will comprise nearly two-thirds of the global middle class, dwarfing the projected one-fifth for Europe and North America combined.” Along with climate change this is one of the great geopolitical meta-trends that will define the 21st century. In the U.S., one has to also add The Emerging White Minority Trend. And yet you will find barely a mention of this anywhere in corporate media. Why is that do you think? Austerity economics and deregulation have virtually destroyed the American middle class, certainly made it a shadow of its former self. In those European countries which embraced Austerity Economics a similar process has been going on. At the same time India, China, the Asia-Pacific nations, are creating a middle class that will dwarf its White counterpart. Power will shift. Our intransigence concerning climate change, means leadership will go elsewhere, and will increase the speed of this transfer. We are going into a different world. And because profit is our only cultural priority, we are doing it rather badly.