|«The worldwide infrastructure industry is quintessential to the very concept of globalization, or in other words the most important economic phenomenon of our times by far». Richard Baldwin, Director of the Centre of Economic Policy Research (CEPR) in London, and Professor of International Economics at the Graduate School of Geneva, explained his theory in an exclusive interview with “We Build Value”.
A process that began during the colonial age with the great empires, starting with England in the 1800s, which built their fortune on infrastructure. A similar model to what is happening now with globalization, according to Baldwin. «Further technological development will enable professionals in Western countries to apply their talents across a larger area: an American engineer can repair a railroad in South Africa by remotely using robots, because tele-presence is no longer science fiction», he told “We Build Value”.|