Investments in Infrastructure and Technology
Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure.
Manufacturing is an important driver of economic development and employment. At the current time, however, manufacturing value added per capita is only $100 USD in the least developed countries compared to over $4,500 USD in Europe and Northern America. Another important factor to consider is the emission of carbon dioxide during manufacturing processes. Emissions have decreased over the past decade in many countries but the pace of which it declines has not been equal around the world.
Technological progress is the foundation of efforts to achieve environmental objectives, such as increased resources and energy-efficiency. Without technology and innovation, industrialization will not happen, and without industrialization, development will not happen. There needs to be more investments in high-tech products that dominate the manufacturing productions to increase efficiency and a focus on mobile cellular services that increase connections between people.