How Important is Road Infrastructure to Economic Growth

Cities and countries all over the world face unparalleled and unique economic, fiscal and environmental challenges that make it crucial for people and governments to reconsider their ways of conducting businesses. Although these forces are incredibly diverse yet they share a common need for modern, efficient and reliable infrastructure to grow and expand.

Road infrastructure has huge implications on how private and government sector work and play a huge role in economic growth.

Essential Building Blocks of Economy

Infrastructure may go unappreciated at times but in fact concrete, steel and fibre optics are the essential building blocks of any country’s economy. Infrastructure is the backbone of a country’s healthy economy and enables it to grow. If it was not for paved roads, high-speed internet speeds, telecommunication systems, concrete buildings, freight railroads and energy projects, no country would be able to flourish, create jobs and opportunities for struggling communities.

Supports Labourers

Not everyone has the ability, education and experience to get hired for every kind of professional job. Continuous growth and improvement in infrastructure creates numerous types of jobs for everyone from a labourer to a qualified engineer. To support this fact, a lot of studies have been conducted and one such in Brookings Institution analysis Bureau of Labour Statistics data reveals that nearly 14 million people have jobs in fields related to infrastructure building and maintenance. Infrastructure jobs offer low barriers of entry and are expected to grow over the years.

Nationals Goals

A strong infrastructure paves the way for national goals to be achieved. A country’s economy needs a reliable infrastructure that connects people across the borders and allows connecting supply chains and efficiently moving products and services. For a society to grow and progress it needs a proper infrastructure that connects people and households to various parts of the cities to access employment, healthcare and education. Proper public transport system alone can help reduce greenhouse gases and reduce pollution. The same goes for high-speed internet networks, telecommunication systems, water systems and energy production systems.

Easier Access To Education

Why are so many children still unable to get access to basic education? Besides a lot other reasons, one is the poor infrastructure that prevents people from far away to reach to educational institutes. Distance here functions as one of the major challenges in the way of education in most developing countries. Existence of a simple paved road affects the percentage of kids reaching schools in countries with meagre infrastructure. Imagine the implications it has in the long run on economy, society and scope of living for a percentage of people!

Effective, efficient and reliable infrastructure provides economic, societal and cultural benefits that result in subsequent benefits of better access to markets, employment, education and investment opportunities. On the other hand, a society deprived of a reliable infrastructure suffers beyond measures. They lack access to basic education, health services, job opportunities and better city markets.

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