Infrastructure/input spending/stocks. What is needed in terms of infrastructure (roads/water/electrical grids), and inputs (resources, educational attainment, etc) to cause growth?
We have different factors that cause economic growth in the nations. But lets look at infrastructure aspect. How does infrastructure brings economic growth in the nations?
African countries have a low stock of infrastructure, particularly in energy and transportation, and the potential for information and communication technologies (ICTs) has not been fully harnessed. This pronounced infrastructure deficit, coupled with burdensome trade regulations, has raised the cost of doing business and constrained domestic productivity.
With this observation it is seen that infrastructures are really important for economic growth.
What is your contribution on this?
Welcome All.
