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Transport, Power and Industry

In: The Economic and Political Development of the Sudan

Author

Listed:
  • Francis A. Lees
  • Hugh C. Brooks

Abstract

Proponents of economic development often search for a single strategic souce of economic growth. Important candidates include saving, capital formation, entrepreneurial activity and infrastructure. Transportation must rank high in such evaluations. Efficient, low-cost transportation broadens the market area, facilitates export of agricultural products, and lowers the real cost of necessary imports. Even in developed nations investment in transportation facilities constitutes an important activity representing 10–12 per cent of gross domestic investment.

Suggested Citation

  • Francis A. Lees & Hugh C. Brooks, 1977. "Transport, Power and Industry," Palgrave Macmillan Books, in: The Economic and Political Development of the Sudan, chapter 5, pages 58-83, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03275-4_5
    DOI: 10.1007/978-1-349-03275-4_5
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