On a recent trip to a developing country I became more aware of the influence of infrastructure and its impact on economic and business development.
The final conclusion: without a solid infrastructure the economic development and human potential of a town, region, or country will be less than optimal.
The consequences are that both economic and human potential is restricted not only lowering the standard of living but shattering dreams, reducing opportunities and killing innovation.
Perhaps the most obvious symptom of a weak infrastructure is that people will do what they have to do to survive. On Maslow’s hierarchy of needs, the basics like food and clothing come first. Economies with weak infrastructures usually evolve into subsistence economies.