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« Democrats lose Senate vote to add $25 billion to stimulus | Main | London Olympics faces cash fears after £2.2bn wiped out in two years »

February 5, 2009

Japan's Big-Works Stimulus Is Lesson

By MARTIN FACKLER

HAMADA, Japan - The Hamada Marine Bridge soars majestically over this small fishing harbor, so much larger than the squid boats anchored below that it seems out of place.

And it is not just the bridge. Two decades of generous public works spending have showered this city of 61,000 mostly graying residents with a highway, a two-lane bypass, a university, a prison, a children's art museum, the Sun Village Hamada sports center, a bright red welcome center, a ski resort and an aquarium featuring three ring-blowing Beluga whales.

Full Story...

Posted by boyang at February 5, 2009 6:12 PM