Infrastructure as an economic stimulus
Securing the economic futures of the countries
In unprecedented times like today, governments around the world are faced with enormous pressures to make significant infrastructure investments and generate both an immediate boost and long term growth.
For countries around the world, securing their economic future requires not only immediate support witnessed, but significant longer-term stimulus. A strong infrastructure platform is required to underpin any economy. Investment in infrastructure provides the immediate benefit of helping to keep people employed and businesses afloat, while also maintaining the productive capacity of an economy and delivering long term benefits.
A definitive approach for economic growth can be elusive even in normal times, but it is particularly rare in the current climate. However, what is clear is that more state support is needed. Governments must look to ways to stimulate their economies, which is why infrastructure investment is taking center stage as a vital means of driving growth.
In this paper, we elaborate how infrastructure spending has a successful and long-term impact along with steps that can help in heightening the impact of infrastructure as an economic stimulus. It highlights how governments will have to make conscious decisions to protect and increase public sector investment despite challenges posed by increasing deficits and debt levels.