Quality. Independence. Impact.

Home | Contact Us | Media Resources

Thursday August 21, 2008

Welcome   |   Register   |   Log in

Past Event

An Economic Studies and The Hamilton Project Event

Investing in America’s Infrastructure: From Bridges to Broadband

Infrastructure, Competitiveness, Telecommunications, Transportation, Traffic

Event Summary

The state of the nation’s infrastructure is generating rising public attention, prompted by daily travel frustrations, high-profile catastrophes, urgent calls to address climate change and energy security, and concerns about productivity and economic growth.

Event Information

When

Friday, July 25, 2008
8:45 AM to 12:30 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

On Friday, July 25, The Hamilton Project released six new policy papers and hosted a public forum on the need for a national strategy that promotes infrastructure as a central component of long-term, broadly shared growth.  Virginia Governor Tim Kaine joined former U.S. Treasury secretaries Robert E. Rubin and Lawrence H. Summers in the opening session of the forum. Summers gave remarks on the role of infrastructure investments in stimulating economic growth, particularly in the current difficult economic context. Kaine addressed the infrastructure challenges facing the states with a focus on his experiences in the Commonwealth. The opening session will concluded with an opportunity for audience Q&A.

Hamilton Project Director and Brookings Senior Fellow Douglas W. Elmendorf gave a brief overview of a new strategy paper that emphasizes the role of market mechanisms in using existing infrastructure more efficiently and proposes new ways to facilitate better public decision-making on infrastructure spending. The event also featured two roundtables on different types of infrastructure spending. The first roundtable – on telecommunications infrastructure – explored how to make better use of the wireless spectrum and share the benefits of technology broadly. Two new Hamilton Project discussion papers were released: The Untapped Promise of the Wireless Spectrum by Philip J. Weiser; and Bringing Broadband to Unserved Communities by Jon M. Peha. The second roundtable – on physical infrastructure – focused on specific tools for utilizing our infrastructure more efficiently. Three new proposals featured in the discussion were: America’s Traffic Congestion Problem: Toward a Framework for Nationwide Reform by David Lewis; Pay-As-You-Drive Auto Insurance: A Simple Way to Reduce Driving-Related Harms and Increase Equity by Jason E. Bordoff and Pascal J. Noel; and Creating a Safer and More Reliable Air Traffic Control System by Dorothy Robyn.

Event Multimedia:
Download Audio and Video from the Event »

Event Materials:
Remarks by Lawrence H. Summers »

Policy Papers:
An Economic Strategy for Investing in America's Infrastructure »
by Manasi Deshpande and Douglas Elmendorf

The Untapped Promise of Wireless Spectrum »
by Philip J. Weiser

Bringing Broadband to Unserved Communities »
by John M. Peha

America's Traffic Congestion Problem: Toward a Framework for Nationwide Reform »
by David Lewis

Pay-As-You-Drive Auto Insurance: A Simple Way to Reduce Driving-Related Harms and Increase Equity »
by Jason E. Bordoff and Pascal J. Noel

Air Support: Creating a Safer and More Reliable Air Traffic Control System »
by Dorothy Robyn
 

Transcript

MR. RUBIN: Today we’re going to explore the question of infrastructure. Our distinguished authors and their papers will explore the many issues around this critical area with respect to our economy going forward, providing infrastructure for a successful economy in areas ranging from the traditional, like bridges and water systems, to cutting-edge areas, like broadband. The issues that will be explored will include at least the following: What criteria should be used for evaluating alternative infrastructure investments? How can more effective use be made of existing infrastructure? How should political capital and financial resources be allocated amongst maintenance and repair, measures to create more effective use of existing infrastructure, and investment in new infrastructure? Very importantly, can infrastructure best meet the criteria for economic stimulus in terms of being immediate, being temporary, and maximizing short-term benefit for dollars expended? Or should infrastructure decisions be based on long-term criteria and only be used for fiscal stimulus when they can as well meet these criteria for fiscal stimulation. With fiscal stimulus then obviously provided in other ways that best optimize in terms of the fiscal stimulus criteria. How can infrastructure be financed, including the possibility of more innovative financing using privatization, tolling, and other possible methods? What are the issues around financing infrastructure through a capital budget or through the sale of valuable real estate, valuable government-owned real estate, whose functions could then be moved elsewhere? How could infrastructure be coordinated across state and regional boundaries? And finally, how should we think about expanding access when we evaluate infrastructure investment?

Participants

Opening Session

Robert E. Rubin

Citigroup Inc.

Lawrence H. Summers

Harvard University

Special Guest: Governor Tim Kaine

Commonwealth of Virginia

Overview of Strategy Paper

Douglas W. Elmendorf

Senior Fellow, Economic Studies

Roundtable on Telecommunications Infrastructure

Moderator: Glenn Hutchins

Silver Lake

Jon M. Peha

Carnegie Mellon University

Blair Levin

Stifel Nicolaus

Philip J. Weiser

University of Colorado

Roundtable on Physical Infrastructure

Moderator: Nancy Cordes

CBS News

Ronald Blackwell

AFL-CIO

David Lewis

HDR Decision Economics

Jason Bordoff

The Hamilton Project, The Brookings Institution

Dorothy Robyn

The Brattle Group

My Portfolio

My New Content

View suggested content based on items you have saved to your Portfolio.
Log in or register now