Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Project Management is the art of managing all the aspects of a project from inception to closure using a scientific and structured methodology. The term project may be used to define any endeavor that is temporary in nature and with a beginning or an end. The project must create something unique whether it is a […]
The fight between China and the United States has gone to the next level. Up until now, the United States had been flexing its muscles, trying to beat China into submission. However, backed up in a corner, China has also decided to respond ferociously. The country has decided to escalate the trade war by threatening […]
Inventory Management deals essentially with balancing the inventory levels. Inventory is categorized into two types based on the demand pattern, which creates the need for inventory. The two types of demand are Independent Demand and Dependant Demand for inventories. Independent Demand An inventory of an item is said to be falling into the category of […]
Spotify, a music streaming application, with most of its business in the United States has achieved over a $30 billion valuation. This has come as a surprise for many given the fact that the music industry was considered to be all but dead because of declining revenues. An extremely high valuation in an industry with […]
Disaster Recovery and Business Continuity plans if well planned and implemented can help mitigate risks and loss to the business. With increasing competition and complexity of systems and reliance on IT technology, Organizations are focusing in this area to ensure they do not lose out on the business operations in the event of any disaster […]
An economy consists of many sectors. However, infrastructure is known to be the backbone of any economy. Roads, railways, electricity, and banking services are the very bedrock on which the modern economy grows. Until and unless a nation has robust infrastructure, any other industry will find it difficult to grow and prosper.
In this article, we will have a closer look at the various problems that are faced when a nation decides to expand its infrastructure.
The main reason why the development of infrastructure is considered so important is the fact that it is ubiquitous. Consider the example of electricity for instance. All industries use power. Hence, if a nation does not have a stable supply of cheap electricity, enterprises will find it difficult even to survive. Infrastructure is composed of utility industries which become the part of the cost structure of every kind and service produced. Just like electricity, transportation and telecommunication will also be an expense for every industry.
Infrastructure is controlled by a handful of large corporations and the government. This makes it easier to make it more efficient. Consider the case of China which has built excellent infrastructure for all its industries. The result of the effort taken by the Chinese government is that the cost of production of all goods and services is lower than the rest of the world.
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