INFRASTRUCTURE AND GROWTH IS THE US.
Is infrastructure a key factor to the growth and stability of the economy? or is it a non-factor and needs not to be maintained and improved to better serve and help improve the economy. Infrastructure in general is the system of transport and communication in a state, region or country. A famous Canadian geographer was once quoted saying, “…any region which has a well-developed transportation and communication network also enjoys a high degree of economic prosperity…” This statement has sparked much controversy between geographers, Politicians, as well as economists. Question is, is there a link between a well-developed infrastructure and economy prosperity (economy growth)? Without a doubt, there is a direct link. Infrastructure facilitates the basic functions of a society that are necessary to transport resources and people, produce and trade goods, provide essential services and ultimately reduce poverty. The direct link can be understood better by looking at the effects of infrastructure. The drawbacks of poor infrastructure lead to high transport cost especially in landlocked areas, thus the economy gets affected. Employment is low where there is poor infrastructure. Lack of adequate infrastructure perpetuates poverty, because it denies possibilities. Affordability, it is relatively expensive to maintain and build. Due to this factors and the analyses from the department of treasury know is an ideal time to increase our investment because, infrastructure investments have long-term economic benefits and create jobs in the short run, there is currently a high level of underutilized resources that can be used to improve and expand our infrastructure. The cost of transportation is lowered for American households, there is a strong demand by the public and businesses for additional transport infrastructure capacity.
Long-term economic benefits from infrastructure create jobs in the short run and this...
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