Abstract
Infrastructure contributes to economic growth in a number of ways. Good infrastructure helps lower input costs for goods and services, reduces transaction costs (thus facilitating trade), and leads to wider market opportunities. It also plays a role in developing human capital (particularly through better health and education) and in improving the natural environment. In direct terms, investment in infrastructure can provide higher returns to the scarce resources of land, labour and capital. But, while infrastructure and the services that flow from investments in infrastructure are critically important, they are a necessary but not sufficient condition for growth.
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© 2006 Anne C. Conroy, Malcolm J. Blackie, Alan Whiteside, Justin C. Malewezi and Jeffrey D. Sachs
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Conroy, A., Sachs, J. (2006). Economic Isolation. In: Poverty, AIDS and Hunger. Palgrave Macmillan, London. https://doi.org/10.1057/9780230627703_7
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DOI: https://doi.org/10.1057/9780230627703_7
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