...will truly "shovel-ready" projects do more to stimulate the domestic economy, given that, in many cases, construction funds may go to purchase foreign materiel, equipment, etc. That may be good for the world and indirectly for us, but would you be more pleased with a shovel-ready project where 50% of the funds went to China and Japan, compared to an "engineering studies" project phase where 50% of the funds went to project engineer wages and 50% went to local communities to purchase land and right-of-way.
Just as an example.
That's a really tough either/or question. Recently, the PBS show
The Ascent of Money stated that globalization has caused all of the world's economies to rely on each other.
In that context, what happens to us affects the rest of the world and visa-versa.
Would I prefer that the monies stay locally? Yes.
...but given the interlocking of world economies, isn't it better that world economies be lifted together?
