Investment Is Booming in Southeast Asia
But can America get in on the game? Infrastructure in the region is expected to be a $2.8 trillion industry over the next five years, creating jobs and profits around the globe, and U.S. authorities are scrambling to ensure homegrown companies get a piece of the action. But after Obama’s snub of the Asian Development Bank, it could be an uphill climb. The current narrative points to America’s decline and China’s ascent, but analysts say it’s not that simple, and U.S. companies’ ability to organize projects may work in their favor.