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

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