In the second half of the last century, world populations sought peace and security as the background for economic growth and overall prosperity. The US was the major underwriter and supplier and became world leader.
In this 21st century, with the globalisation of trade, social habits and new technologies, world populations need infrastructure and connectivity to be able to achieve economic growth and prosperity. China seems to be emerging as the main underwriter and supplier, be it in Asia, with the creation of the Asia Infrastructure Investment Bank; Latin America, with massive investments in power transmission; or in Africa, where it has been the main developer, builder and financier of infrastructure assets, based primarily on bilateral government-to-government arrangements. Read more