Generic discussion of PPPs and call for Treasury leadership, mentions former official Robert Zoellick

from "one-offs" to a deal flow. The zero returns for savers from U.S. monetary policy can make infrastructure investments attractive. In addition to offering financing, the private sector can improve the design, operation and maintenance of infrastructure. As the state of Indiana has shown, the federal government could profitably use public-private partnerships for its infrastructure, too. The administration has talked about some of these topics. But it is oddly passive, as if 1t were hesitant to lead. State Department speeches are not enough. To carve out an international economic strategy, the new secretary of the Treasury needs to choreograph policies across all U.S. departments and with multilateral economic institutions. The U.S. had better wake up: International economic strategy is the new foreign policy. Mr. Zoellick has served as president of the World Bank Group, U.S. trade representative and deputy secretary of state. He is now a fellow at the Belfer Center at Harvard and the Peterson Institute for International Economics. oe > | Click here to Reply or Forward Why this ad? Ads — HOUSE_OVERSIGHT_029741