What is the relationship between infrastructure and economic development?

The relationship between infrastructure and economic development is that the infrastructure contributes to the growth of the economy. This means that adequate infrastructure serves as a subsoil to facilitate rapid economic development. A country without adequate infrastructure may find that economic development does not occur the same pace and level as in countries with a solid infrastructure network.

Infrastructure can be either hard or soft. Examples of hard infrastructure include pieces such as airports, reinforced roads, transport ports, channels, well -designed sewerage and power plants. Examples of soft infrastructure include aspects such as a structured system of criminal judiciary, telephone networks, internet and well developed education system. It is easy to see the connection between the infrastructure and the economic development of mere analysis of each of the components of the infrastructure framework.

An example of such a connection between infrastructure and economic development can be observed in the meaning of solidon the transport system for any meaningful economic development. People have to move in an effort for various everyday concerns. Parts of these concerns include work -related matters and business opportunities. In countries with good transport systems, it is easy to move raw materials from source to production facilities. It is also easy to move finished products from different production plants to warehouses.

Such ease of transport, unlike countries with a small to no transport framework. In most rural communities in some third world countries, it is difficult to transport harvested agricultural products from farms to consumers in cities and other destinations. This is largely due to the fact that roads and traffic systems are often very bad. Most of the subjects may be a shovel before they ever reach their destinations due to inadequate time, it takes them to move them on unpaved roads fromConsumer farm. Such waste is part of the effect of poor infrastructure, which is reflected in slow growth of the economy.

In addition to roads, countries that lack other basic infrastructures, such as extensive coverage of telephone networks and Internet services, can be lagging behind in the globalization process. For example, if an Internet connection is at best very thin and weak, citizens may not have a well -developed information technology system (IT). Such a deficiency would cause the country to threaten that it would not take advantage of the opportunity that would be in it, which would help the development of its economy.