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Infrastructure's Influence on Economic Expansion
November 17, 2023
What impact does infrastructure development have on economic growth?
Infrastructure development significantly contributes to economic growth by enhancing productivity, connectivity, and attracting investments. Adequate infrastructure, such as transportation networks, energy systems, and communication technologies, lowers transaction costs, boosts efficiency, and facilitates trade. Investments in infrastructure can stimulate economic activities, create jobs, and foster long-term sustainable growth.
Tags : Infrastructure Development , Economic Growth , Public Investments