ASEAN PROSPERITY BLUEPRINT: EXPLORING THE NEXUS BETWEEN INFRASTRUCTURE AND ECONOMIC GROWTH
Prof. I Wayan Suardana
1. Department of Agribusiness, Faculty of Economic and Management, Bogor Agricultural University, Bogor, Indonesia.
Abstract
<p>Infrastructure, encompassing various critical assets such as transportation networks, energy systems, and communication grids, plays a pivotal role in driving a nation's economic and social progress. This study underscores the profound importance of robust infrastructure as a catalyst for sustainable development. Insufficient investments in infrastructure not only hinder a country's overall welfare but also impede its ability to foster lasting economic and social advancements.</p>
<p>The advantages of infrastructure support extend far and wide, encompassing:</p>
<p>Enhancing labor and capital productivity, thereby reducing production costs, increasing profits, boosting production levels, expanding employment opportunities, and augmenting people's incomes.</p>
<p>Contributing significantly to the attainment of sustainable development goals.</p>
<p>Promoting equitable development by tailoring infrastructure projects to meet the specific needs of each region.</p>
<p>Attracting fresh investments to bolster economic growth.</p>
<p>Enhancing connectivity among a nation's residents and breaking the isolation of disadvantaged communities.</p>
<p>Facilitating the seamless flow of ideas, goods, and services, adding value to economic and social activities.</p>
<p>Optimizing resource allocation by improving access to labor, raw materials, and diversifying opportunities.</p>
<p>This study underscores the multifaceted benefits of a well-developed infrastructure network in nurturing economic growth and fostering social well-being.</p>
Keywords
Nanomaterials
Energy Storage
Batteries
Sustainability
References
No references available.