Infrastructure is essential to a nation for it can provide quality education, health care and protection, transportation, more resources, easier travelling, trades, business. It could also connect peoples, support communities, generate job. Infrastructure could support these making it able to boost an economy with ease. Educational facilities, hospitals and also military installations are examples of infrastructure. So does roads, railroads, airports, and ports which then supports local and international travel.
There is a growing awareness among developing countries about the significance of infrastructure supply and capacity building in construction for socio-economic development in general, and for the effective implementation of poverty reduction initiatives, in particular. Consequently, developing countries have for some years now been investing about 4 percent of their GDP in the provision of infrastructure (World Bank 1994). The construction industry is one of the most important components of any developing country’s economic development, being a major contributor to the national economy and providing employment opportunities. There is no doubt that construction is a key activity within any
Economic infrastructure helps to produce items that were consumed by households, e.g. water, sanitation and electricity. Economic infrastructure can further be sub - divided into three categories: utilities, such as power, piped gas, telecommunications, water and sanitation, sewerage and solid waste disposal, public works, such as roads and water catchments in dams, irrigation and drainage and other transport sub-sectors such as railways, waterways and seaports, airports and urban transport systems (UN Habitat, 2011). 2.2.2 Social Infrastructure This was the interdependent mix of facilities, places, spaces, projects, services and networks that maintain and improve the standard of living and quality of life in a community. Social infrastructure was in two types, hard and soft infrastructure.
2. Agriculture also plays an important part in rural development, especially due to land use, in countries where the sector is of less economic significance. 3. The main potential contributions of farming to rural development are in terms of supporting employment, ancillary businesses, and environmental services. In peripheral regions, farming may be necessary to support the economic
Investment in infrastructure is a huge untapped potential to create productive jobs. It has contributed to more than half of the growth in Africa in the past decade and has a potential to contribute even more in the future Infrastructure is crucial to make progress agriculture and plays also a major role in facilitating trade and integration. It has an impact on the emergence of regional development hubs and essential to offset the effects of geographical fragmentation. Infrastructure is essential to enable Africa to break into world markets, It is moreover fundamental to human development, including the provision of education and health services. This is a decisive factor for economic growth, the development of the territories, and improving the living
Having an infrastructure gap for a country means that there are many projects all around that either aren’t being completed or aren’t even started yet. These projects are probably needed for the country to achieve economic growth. Currently there is a great need for investments to fill up this infrastructure gap. With the help of Investments coming in in different mediums, the infrastructure gaps all over the world can be eradicated and countries will be able to flourish. The implications of having an infrastructure gap are far greater that people might believe it is.
New employment is created by constructing infrastructure and facilities. If the area where the new project will start is a poor area, the impact will become huge that we expect. We cannot assume the size of impact that is brought by one project. Some countries, like UAE, Qatar, and other Middle East Countries became a really rich country by oil revenues so-called oil money. So we can help people to get out of poverty and harsh situation by starting only one new project.
Introduction: The basic measures of economic growth in a country is the rate of increase in the Gross national Product (GNP) of the economy, that is closely related the increase in the output of the capital goods sector, the consumer goods sector and the services sector. The construction industry belongs to the capital goods sector of the economy and produces tangible or visible assets in the form of buildings, roads, bridges etc. These end products of construction add to the GNP as capital assets and help, at the same time, increase the productivity of other sectors of the economy as well. A significant characteristic of the construction industry is that is has a short-time association, only for the duration of the construction period, with
Development of agriculture is critically important for ensuring food and nutritional security for hundreds of millions of people. The challenges of retaining youth in agriculture have been recognized globally. Youth do not perceive agriculture as a remunerative and
Thus, growth in the agricultural sector will lead to improvements in people's living standards. 12- Expansion of the market scale There is more output in the agricultural sector, due to the mechanization of agriculture. It expands the size of the market. If there is more production, then things can be exported to other countries in the world. Exporting help more foreign exchange in the country.