Infrastructure Development: The Case for Maintaining Momentum Role of Infrastructure
Economic Alert
Development economists and Agencies have considered infrastructure and human resource development to be at the centre of the development process. Infrastructure refers, in this note, to physical structures, such as roads, electricity, irrigation, water and sanitation and telecommunication. These infrastructure facilities not only support the production of goods and services in an economy but they also facilitate day-to-day living of the populace. Infrastructure, therefore, constitutes an important part of the capital stock that is a crucial determinant of any country’s development prospects through the provision of essential public goods and services.