Infrastructure


 * Infrastructure & Economic Development** by Toy


 * Contents in this page:**
 * Overview video created by Toy
 * Brief explanation and application in the form of text, assisted by visuals
 * References, further readings

View the video below for some overview on Infrastructure

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 * Different Levels of Infrastructure: Roads**

Less developed country: East Africa In a less developed country like many countries in East Africa, infrastructure is not as developed. This means that there are more limits on the amount of potential trade taking place between villages, towns and even nations. Large amount of trade cannot be accommodated by poor infrastructure (i.e. many cars are unable to travel through dirt roads), thus the nation can only be involved with the amount of trade that its infrastructure allows for.

Developing country: Thailand With improvement in the infrastructure, the country will increase its potential trade that it can make. Better infrastructure will accommodate for more trade between different markets. Tarmac roads and concrete roads will allow trucks to travel through, to and from places. Furthermore, it will allow people to move between places more easily, including attracting tourists.

Developed country: Abu Dhabi When infrastructure is upgraded, potential trade will be increased too. This means even more trade - and the advantages of trade will follow. Such infrastructure will allow more types of transportation to take place, including trade through trains and even cargo planes.

Ultimately, the better the infrastructure would mean the more interchange in goods and services between markets and countries. Better infrastructure will allow for faster transportation of goods and services, thus increasing productivity. Therefore, infrastructure is positively correlated to development, and in the long run, economic sustainability.


 * Related Definition:**
 * (Development) Sustainability: development "meets the needs of the present without compromising the ability of future generations to meet their own needs."
 * Infrastructure: the basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function.


 * References and Further Readings**
 * ** [|Linkages between Infrastructure and Economics Growth] **
 * (Ministry of Economic Development, New Zealand Government) **

(Australia's Aid Program, Australian Government)
 * [|Infrastructure Development]

(United States Government for Local and State)
 * [|Economic Development and Infrastructure]

(ERIA.org)
 * [|Infrastructure in India]

(YouTube)
 * [|Example: Chinese Infrastructure Development]

(Wikipedia)
 * [|Infrastructure]