American Society of Civil Engineers; Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future
Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future was released in 2012 as the culminating report on the economic impact of poor infrastructure in the U.S.
ASCE’s Failure to Act economic studies show the impact on America’s economy if we continue only at current infrastructure investment levels. Looking at current trends in infrastructure conditions and investment levels, this report series shows the economic consequences of continued underinvestment in our nation’s infrastructure, and, conversely, if we increase investment levels to achieve a state of good repair, the gains that could be made by 2020 in terms of:
Personal disposable income
GDP and exports
Costs to businesses
The culminating report was released on January 15, 2013 and presents an overall picture of the economic opportunity associated with infrastructure investment and the cost of failing to fill the investment gap.
ASCE finds that with an additional investment of $157 billion a year between now and 2020, the U.S. can eliminate this drag on economic growth and protect:
$3.1 trillion in GDP, almost the equivalent of Germany’s entire GDP
$1.1 trillion in U.S. trade value, equivalent to Mexico’s GDP
3.5 million jobs, more than the jobs created in the U.S. over the previous 22 months
$2.4 trillion in consumer spending, comparable to Brazil’s GDP
$3,100 in annual personal disposable income
Full Report: ASCE