Transport, Power and Industry
Proponents of economic development often search for a single strategic souce of economic growth. Important candidates include saving, capital formation, entrepreneurial activity and infrastructure. Transportation must rank high in such evaluations. Efficient, low-cost transportation broadens the market area, facilitates export of agricultural products, and lowers the real cost of necessary imports. Even in developed nations investment in transportation facilities constitutes an important activity representing 10–12 per cent of gross domestic investment.
KeywordsPolitical Development Sugar Factory Town Area Passenger Traffic Freight Traffic
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