Global Economy

Saturday 11 December 2010

A2 Macroeconomics: The role of infrastructure in development

Zambia is a landlocked country (i.e. it does not have a coastline). For international trade to occur, it needs high quality roads to international ports. This video points out the benefits of Zambia's new "Great North Road", an item of infrastructure that has reduced negative externalities such as accidents and delays. Vehicle operating costs have fallen as well, shifting costs down. Increased competitiveness is the result.

Landlocked Zambia's Life line Road Rehabilited from World Bank on Vimeo.

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