Today, international experts disagree as to economic development priorities. The proverbial question invariably arises. Which comes first, the chicken or the egg? This question often plagues national and international investors including the policy makers. For the investors and the governments, they need to see the trade volumes first before they can commit to invest while the businesses contend that the infrastructure needs to be developed first then the trade volume will follow suit.
Physical infrastructure provides high levels of employment opportunities and provides the physical means to boost trade and transport that results in faster opening of intra-national and international markets and drive greater levels of efficiency. Read more
The key problem of course is that it takes a long time to build and is highly costly while its return to investment (ROI) rates are low; hence, it is often left up to the governments to fund and build. However, governments around the world are currently struggling with financial deficits and are therefore, unable to provide adequate funding for the USD 70 trillion required over the next decade to meet the world’s infrastructure needs. Therefore, where do we start when prioritizing infrastructure investments?