Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
When analyzed in financial terms, it turns out that the world is in a precarious position. However, there seems to be no sense of urgency amongst the people. This may be because of the fact that newspapers, as well as other forms of media, are not warning the people that a recession might be around […]
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Disaster Recovery and Business Continuity plans help Organizations stay on the course, minimize their risk to business operations and limit the losses incurred in the event of a crisis or disaster. The planned approach helps define what is required to be done to resume business operations during an emergency situation. An effective plan would entail […]
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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