Megaprojects and Risks
The discussion explores the high failure rates of megaprojects, suggesting that the political process often favors less viable options. Bent highlights the advantages of smaller projects, particularly in energy and water management, using Norway's success with smaller dams as a prime example. This approach not only mitigates risks but also enhances sustainability, demonstrating a compelling alternative to large-scale endeavors.In this clip
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EconTalk
Bent Flyvbjerg on Megaprojects
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