Infrastructure in the U.S. is aging and failing, and funding has been insufficient to repair and replace it, despite continued efforts to form private-public partnerships for infrastructure management, according to this article by the American Society of Civil Engineers. The sorry state of infrastructure will undermine the country's status in the global economy unless it makes more infrastructure investments, ASCE notes. "To compete in the global economy, improve our quality of life, and raise our standard of living, we must renew and update America's aging public infrastructure," the authors write.

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