Wednesday, October 21, 2015

Growth of economies

The United States grew their economy after World War 2 through various infrastructural developments, building roads, bridges, tunnels and entire cities. The infrastructural development played a major role in the growth of the economy by creating jobs, tax revenue, but more importantly creating an infrastructure that the future economy and generations could stand upon and build upon.

The question for the African governments, is how and what can they do to kick start the economies, and infrastructure for the countries? With a young average population throughout Africa, Africa has the workforce eager to get involved in the projects that will lead to employment and a brighter future.

When I met with a new airline that was looking to operate short range national and local flights within the central African region.  One of their interesting comments were about his part of Africa with all the mountains and rugged terrain. Building roads would not only be very expensive but difficult and time consuming. Operating aircrafts opposed to buses and trucks in their opinion would create more accessibility and at much lower upfront costs and hurdles.

This conversation got me to think how African governments look into investing into an infrastructure that will position the economies for job growth but an infrastructure that will position the continent for the future.

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