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Infrastructure, factor for sustained economic development

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Information about Infrastructure, factor for sustained economic development
Finance

Published on February 28, 2014

Author: FlorenciaBunge

Source: slideshare.net

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Infrastructure, factor for sustained economic development
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Infrastructure, factor for sustained economic development By: Florencia Bunge A few weeks ago I read the report " The sustainable transport infrastructure and its contribution to equality in Latin America and the Caribbean”, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC), showing how the government measures that drive infrastructure development increases productivity. During the V Investor Forum Latin America and China, held in Beijing in November 2013, it was note that investment in infrastructure in Latin American will be part of the economic growth in the region. According to Jean Marc, head of the Department of Infrastructure Development Bank (IDB), the region has great potential, with an approximate figure of about $ 200,000 million in infrastructure investment in the coming years. Today we live in a continent where citizens increasingly demand more and better services, and are willing to pay for them. We know that the development of public infrastructure ensures the progress of our country and our continent. It is indisputable that there is a lack of airports, subway stations , ports , among others. Governments are beginning to realize that to grow their economies need to invest in the sector. In this regard, recently, Alejandro Werner, Director of the Western Hemisphere Department of the International Monetary Fund (IMF) said that " the key point in Latin America is to implement a set of policies that allow countries to really reap the benefits of entries capital, for example, more investment in infrastructure and social programs, and minimize the negative consequences associated with the volatility of the financial markets." Therefore, public investment in infrastructure is a necessary condition for development. It is necessary to address infrastructure initiatives in a global way, in order to have a more efficient regulatory framework that promotes raising public intervention towards more effective regulations that promote sustained economic development. This article has been based on Florencia Bunge personal opinion. www.florenciabunge.com

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