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The Bernard L. Schwartz Forum on U.S. Competitiveness | No. 3

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An Economic Studies and Metropolitan Policy Program Event

America’s Infrastructure: Ramping Up or Crashing Down

Competitiveness, Transportation, Infrastructure


Event Summary

Brookings hosted the third in a series of forums on U.S. competitiveness, a public symposium that explored the challenges and opportunities for new infrastructure investment. Thomas Vilsack, former governor of Iowa and of counsel at Dorsey & Whitney LLP, provided opening remarks. The discussion included experts on transportation and competitiveness policy, drawn from government, industry and the states.

The Bernard L. Schwartz Forum on U.S. Competitiveness

Event Information

When

Wednesday, October 10, 2007
9:00 AM to 12:10 PM

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Ave., NW
Washington, DC
Map

Event Materials


Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

The fiscal deficit, tight budgets and an absence of clear priorities appear to be constraining this country from sufficient investment in its bridges, roads, airports, ports and broadband systems. But, given the benefits of a solid foundation, can we afford not to invest more in this infrastructure? Since existing rules and policies may be inadequate, more discussion is needed to set up policies, regulations, rules and institutions that encourage effective investment in the right kind of infrastructure in the right places. Innovative ideas range from changing the budgetary treatment of new investments to new state-federal-private partnerships.

Following a welcome by Bruce Katz, vice president and director of the Metropolitan Policy Program at Brookings, Thomas Vilsack, former governor of Iowa and of counsel at Dorsey & Whitney LLP, provided opening remarks. This two-panel discussion included experts on transportation and competitiveness policy, drawn from government, industry and the states.

Transcript

BRUCE KATZ : In our view, smart policies and investments on infrastructure can foster productive growth in our economy, sustainable growth that furthers energy independence and real solutions to climate change, and inclusive growth so that low and moderate-income families have access to opportunity.

But infrastructure opportunities abound in our country today, and they compel us to think out of the box and outside the nation for systemic structural solutions. First, we all know about a number of high tragic profile failures of our existing infrastructure from the levees in New Orleans, to the steampipe explosion in Manhattan, to the bridge collapse in Minneapolis over the summer. There's tremendous concern about the current state of infrastructure that exists in the United States today and what impact that neglect is having on our nation's communities, particularly our suburbs, cities, and metropolitan areas.

Participants

Welcome

Bruce Katz

Vice President and Director, Metropolitan Policy Program

Keynote Speaker

Thomas Vilsack

Of Counsel, Dorsey & Whitney, LLP
Former Governor of Iowa

Panel One: Can We Afford To Invest? Can We Afford Not To?

Moderator

Bruce Katz

Vice President and Director, Metropolitan Policy Program

Panel

Martin Neil Baily

Senior Fellow, Economic Studies

Richard D. Baron

Chairman and CEO, McCormack Baron Salazar

Douglas Holtz-Eakin

Senior Fellow, Peterson Institute for International Economics

Mary Sue Barrett

President, Metropolitan Planning Council, Chicago

Panel Two: Innovative Ways To Stimulate Effective Investment

Panel

Neal Peirce

Chairman, The Citistates Group

Panel

George Bilicic

Managing Director, Global Power & Utility Group of Lazard

Leo Hindery

Managing Partner, InterMedia Partners

Tyler D. Duvall

Assistant Secretary for Transportation Policy, Department of Transportation

Ron Sims

King County Executive, King County, Washington


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