7. Long-term Infrastructure Investments
UN Ranking: 9
WEF Ranking: 9
Average Score: 9
The UN’s report summarizes the effects of infrastructure investments on growth and income equality as follows:
“Infrastructure provides the basic physical facilities essential to business and society; industrialization drives economic growth and job creation, thereby reducing income inequality; and innovation expands the technological capabilities of industrial sectors and leads to the development of new skills.”
We can’t agree more. If a poor country doesn’t have a reliable energy system, roads, ports, or telecommunication infrastructure, corporations won’t come, no matter how cheap their labor is. Innovations in the telecommunication space brought down the costs of providing internet services and allowed countries like India to join certain global markets without making significant investments in its roads, ports, and energy infrastructure. Some of our writers are from India because they can contribute to our site’s success thanks to their reliable internet connection.
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