Question

form on logical dialogue between engineer and you on the topic challenges for the development of infrastructure in Nepal​

Answer 1

Answer:

It is very hard to find a generally agreed definition of infrastructure even though economists in their early works stressed that transport infrastructure is crucial for economic development. Infrastructure is usually understood as basic public infrastructure, which forms the foundation for society and economics. As it is mentioned in World Bank report (2010): infrastructure is an umbrella term for many activities, it plays a very important role for industrial growth and overall economy. Various descriptions of infrastructure and its features create possibilities to analyse infrastructure in different ways, which result in different and hardly comparable conclusions. Economists and urban planners distinguish two types of infrastructure: economic infrastructure and social infrastructure. Economic infrastructure is defined as the infrastructure that promotes economic activity, such as roads, highways, railroads, airports, seaports, electricity, telecommunications, water supply and sanitation. On the other hand, social infrastructure such as schools, libraries, universities, clinics, hospitals, courts, museums, theatres, playgrounds, parks, fountains and statues are defined as the infrastructures that promote the health, education and cultural standards of the population– activities that have both direct and indirect impact on the welfare. Infrastructure assets can produce three broad range of service:

• Infrastructure assets that combine with labour produce capital or intermediate goods

• Infrastructure capital that combines with labour produce final goods and service

• Infrastructure capital that combines with other forms of capital improves their productivity i.e. roads with trucks