New technology leveraging traditional infrastructure.
The government must invest here just as it invests in our other traditional infrastructure.
Millions in Africa have simply bypassed traditional infrastructure stages such as landlines and branch banking, skipping straight to cellular telephony and mobile money.
This demand is illustrated in traditional infrastructure, where infrastructure bonds are tried and tested instruments (they were, after all, how we financed our Victorian railway network).
So maybe Paul Evmorfidis's argument has some validity: Greece's traditional infrastructure may not be the ultimate answer to its problems, given the global scale of things, but it may make difficult times less painful.
It is also buoyed by the paucity of traditional infrastructure, whether roads or landlines, meaning that new technologies or business models face few established competitors.This business environment has attracted a growing number of Western companies to Africa.
An entire universe of conservative super PACs and other groups has expanded in the wake of the Supreme Court's Citizens United decision, one only loosely tethered to either party's traditional infrastructure.
Meanwhile, the Bank's lending priorities have changed over the past 20 years, with more support for health, governance, women and education, in addition to lending for traditional infrastructure projects.
It amounted to a largely invisible 21st-century upgrade to the traditional infrastructure of offices, phone banks and staff that most journalists visualized when they tossed around the term "organization".
