It could be argued that the most direct impact of infrastructural development on the economy is a trickle-down effect. And arguably,investment is very good for any national economy.
In essence, all by itself, infrastructural development may not be immediately economical on the nation, but through some inherent factors, it breeds economic growth. One significant factor is investment.
Though empirical evidence on the existence of positive productivity is sobering, there is widespread belief among policymakers that investment in particular generates positive effects for a nation.
Such an investment in the economy can occur through adoption of technology, which can happen via licensing agreements, imitation, competition for resources, employee training, and knowledge export spillovers and above all political stability. However, the objective of investment cannot be met in the absence of proper infrastructure in place.
With the right infrastructure in place, investors are motivated to seek for more investment opportunities in the country, and bring about the comfortable movement of goods and services for economic growth. It provides a conducive environment for industrial advancement. Infrastructure like adequate energy supply, perfect lighting systems, and good roads among others, are a source of encouragement for any meaningful investment undertaking.
Today, The Gambia can boast of having such infrastructure in place for the modernisation of our economy. The government of The Gambia has indeed taken a giant step towards building a viable investment zone for economic growth. Never before has the country witnessed such massive investment as we are witnessing today.
The high influx of businesses ranging from commercial banks to estate developers, light industries and a host of other trading groups illuminate the fact that the country is on the road to development in the sub-region. What is even more important is that it is evident that our economy is becoming a home for progress.
The peace and stability in The Gambia is attracting more and more investors into the country. That peace and stability must be jealously guarded by all and sundry so that the country can continue to be on the path of growth and development.