Economic Diplomacy Through Infrastructure Support: A Conversation with Amos Hochstein
Coordination on international infrastructure investment has become more important than ever in today’s geopolitical climate, but integrating these efforts has been a challenging and ongoing process. The Wilson Center held a conversation with Amos Hochstein, Special Presidential Coordinator for Global Infrastructure and Energy Security, to discuss collaboration on global infrastructure investments, including the current Administration’s areas of focus and engagement by various countries and agencies.
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“We need to make sure that as we are going through a revolution in energy and a revolution in technology, everyone around the world gets to benefit from it and rises at the same time, and that the supply chains for those revolutions are diversified and secure.”
“We want there to be multiple hubs of production of critical minerals all the way to refining and the manufacturing…We cannot have a monopoly and a dominant position in the energy sector as we’re building a new one, just to go through the same problems that we had and the same national security risks that we had in the 20th century. So what do we do about it? We have to invest across the board…We shouldn’t come to countries and say, work with our companies or work with us just because it’s us. We should do it because we have a better offer for them.”
“We have to have reform the international institutions that provide finance, because that is going to help us unlock the private capital that needs to come…If we can de-risk those investments and if we can provide support so that [the private sector is] not afraid of all three of the ESG components, and we do this through multilateral development banks, through governmental export and financial support institutions, then we can bring [private capital] along with us…That’s one area where we can collaborate.”
Wahba Institute for Strategic Competition
The Wahba Institute for Strategic Competition works to shape conversations and inspire meaningful action to strengthen technology, trade, infrastructure, and energy as part of American economic and global leadership that benefits the nation and the world. Read more
Environmental Change and Security Program
The Environmental Change and Security Program (ECSP) explores the connections between environmental change, health, and population dynamics and their links to conflict, human insecurity, and foreign policy. Read more
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