Tuesday, July 05, 2011

Global Competitiveness:part 2


communities to core economic activities and services.
Effective modes of transport, including quality roads,
railroads, ports, and air transport, enable entrepreneurs
to get their goods and services to market in a secure and
timely manner and facilitate the movement of workers
to the most suitable jobs.
Economies also depend on
electricity supplies that are free of interruptions and
shortages so that businesses and factories can work
unimpeded.
Finally, a solid and extensive telecommunications
network allows for a rapid and free flow of information,
which increases overall economic efficiency by
helping to ensure that businesses can communicate and
decisions are made by economic actors taking into
account all available relevant information.
This is an area where the crisis may prove to have positive longer-term
effects, given the significant resources earmarked for
infrastructure development by many national stimulus
packages, including those of the United States and China.

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