Page 15 - April ISQ 2021

INVESTMENT STRATEGY QUARTERLY

A New Meaning Of Infrastructure

The modern definition of ‘infrastructure’ will go beyond just roads and bridges to include
improvements in climate change, social justice issues and developing technologies.
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Bridges Water Climate Education

Traditional New
infrastructure infrastructure

Roads Energy Paid Sick Equality
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Public Universal
Transit Broadband

To conclude, current political dynamics have placed domestic
policy at the forefront of the Biden administration’s first term KEY TAKEAWAYS:
agenda. Although the next election is just around the corner in • The early theme of the Biden presidency is domestic
DC terms, the Democratic sweep solidified in January carries policy, working with Congressional Democratic majori-
with it the potential for the Biden administration to make ties in the House and Senate to ‘act fast’ and ‘go big’ on
significant economic reforms – from consumer support COVID-19 relief efforts.
programs to domestic manufacturing incentives – a more
permanent fixture of the US economy. • The size of the overall household aid, especially with
monthly payments of the child tax credit and unem-
ployment support, has similarities to calls for the
establishment of a universal basic income.

• The ‘recovery’ package takes a broader, non-tradi-
tional view of infrastructure, including: modernisation
of the economy, tackling climate change, addressing
racial and economic inequalities, and investments in
the workforce.

• Current political dynamics have placed domestic
policy at the forefront of the Biden administration’s
first term agenda.

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