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The role of infrastructure in economic growth
The role of infrastructure in economic growth
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
The role of infrastructure in economic growth
Infrastructure refers to the basic physical and organizational structures and facilities that are necessary for the functioning of a society and its economy. It includes things like roads, bridges, ports, water and sewage systems, electricity generation and distribution systems, and telecommunications networks.
The role of infrastructure in economic growth is widely recognized and has been a subject of much research and debate in the field of economics. In general, it is accepted that adequate and well-functioning infrastructure is essential for economic growth and development.
First, infrastructure provides the basic inputs required for economic activity. For example, transport infrastructure such as roads and ports are necessary for the movement of goods and people, which is essential for trade and commerce. Similarly, electricity and water infrastructure are essential inputs for many industrial and commercial activities. Without these basic inputs, economic activity would be severely hindered, and growth would be stifled.
Second, infrastructure is critical for improving productivity. By reducing the cost of inputs and the time taken to produce goods and services, infrastructure can increase the efficiency of the economy. For instance, improved transport infrastructure can reduce the time and cost of moving goods to market, making it easier for firms to get their products to customers and increasing their competitiveness. In addition, better telecommunications infrastructure can help businesses to communicate more efficiently, reducing the cost of doing business and improving their competitiveness.
Third, infrastructure has a catalytic effect on other sectors of the economy. By providing the basic inputs required for economic activity, infrastructure can help to stimulate growth in other sectors. For example, improved transport infrastructure can make it easier for businesses to access new markets, leading to the development of new industries and increased economic growth. Similarly, improved water and sewage infrastructure can provide a healthy environment for people to live and work in, improving their health and well-being and boosting their economic productivity.
Fourth, infrastructure can attract investment to an area. Adequate and well-functioning infrastructure is often seen as a sign of a stable and well-functioning economy, and can help to attract investment to an area. For example, if an area has good transport infrastructure, businesses are more likely to invest in the area, creating jobs and boosting economic growth. Similarly, if an area has good telecommunications infrastructure, it can attract businesses that require high-speed communication, such as technology companies, to invest in the area.
Finally, infrastructure has a positive impact on income distribution and poverty reduction. By improving the efficiency of the economy and creating new jobs, infrastructure can help to reduce poverty and increase income distribution. For example, improved transport infrastructure can make it easier for people in rural areas to access markets, improving their income and reducing poverty. Similarly, improved water and sewage infrastructure can reduce the burden of disease, improving health and well-being and increasing economic productivity.
In conclusion, infrastructure plays a critical role in economic growth and development. By providing the basic inputs required for economic activity, improving productivity, catalyzing growth in other sectors, attracting investment, and reducing poverty, infrastructure can help to boost economic growth and improve living standards.
The role of infrastructure in economic growth
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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