Countries with advanced infrastructure tend to have higher GDPs, as infrastructure is the backbone of an economy. Infrastructure construction is the process of building these physical systems, which are crucial to spur growth and development. A nation needs money (and lots of it!) to build infrastructure, as it can require an exorbitant amount of resources like labor, materials, and equipment. In fact, in 2021, the American government signed one of the country’s largest infrastructure spending laws to spur economic development. This law is known as the Bipartisan Infrastructure Law, and sets aside more than $550 billion to ...Read more
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