{"id":625567,"date":"2018-08-08T03:27:50","date_gmt":"2018-08-08T03:27:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/08\/investment-in-infrastructure-today-can-help-drive-economic-growth-for-millennia\/"},"modified":"2018-08-08T03:27:50","modified_gmt":"2018-08-08T03:27:50","slug":"investment-in-infrastructure-today-can-help-drive-economic-growth-for-millennia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/08\/investment-in-infrastructure-today-can-help-drive-economic-growth-for-millennia\/","title":{"rendered":"Investment in infrastructure today can help drive economic growth for millennia"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Today\u2019s infrastructure investment can help drive economic growth for millennia \u2014 look no further than the Roman Empire\u2019s legacy in Europe:<\/strong> A group of Danish economists have put forth a theory that infrastructural investment is one of the main drivers of economic growth and development, which could explain why contemporary Europe is as prosperous and developed as it is, Christopher Ingraham writes for <a href=\"https:\/\/www.washingtonpost.com\/business\/2018\/08\/06\/how-year-old-roads-predict-modern-day-prosperity\/?utm_term=.fa155f13cfdc\">the Washington Post<\/a>. \u201cThey demonstrate that the density of ancient Roman roads at a given point in Europe strongly correlates with present-day prosperity, as measured by modern-day road density, population density and even satellite imagery of nighttime lighting.\u201d According to the economists, the massive road network built by the Roman Empire laid the groundwork for prosperity by creating trade routes and allowing for greater levels of economic activity today.<\/p>\n<p><strong>The Romans built roads in North Africa, too, but they were not maintained as well as Europe\u2019s:<\/strong> The MENA region apparently turned its back on wheeled transport sometime between the 5th and 10th centuries, meaning Roman roads \u201cweren\u2019t maintained the same way they were in Europe, where cart-based transit remained dominant. \u2018The implication of these developments is that since ancient roads fall into disrepair in the MENA region, to a much greater extent than in Europe, one should expect to see much less persistence in infrastructure density.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s infrastructure investment can help drive economic growth for millennia \u2014 look no further than the Roman Empire\u2019s legacy in Europe: A group of Danish economists have put forth a theory that infrastructural investment is one of the main drivers of economic growth and development, which could explain why contemporary Europe is as prosperous and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":625568,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"dc4c1c2c-6191-46ee-9963-19b2dfd74646","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/8\/726.jpg","photo_position":"above","related_issue":[625542],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Trade growth is predicted to weaken to around 2%, its lowest rate\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3437.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554136,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/china-makes-the-tiniest-rate-cut-to-spur-economic-growth\/","url_meta":{"origin":625567,"position":4},"title":"China makes the tiniest rate cut to spur economic growth","author":"enterpriseam admin","date":"21 December 2021","format":false,"excerpt":"China cuts lending rate as economy struggles: China\u2019s central bank has cut one of its most important lending rates in a sign that the country is entering an easing cycle, the Financial Times reports. The marginal 5 bps cut to the one-year loan prime rate, which is used as a\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594605,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/remittances-are-outpacing-fdi-and-foreign-aid-as-developing-countries-biggest-source-of-foreign-capital\/","url_meta":{"origin":625567,"position":5},"title":"Remittances are outpacing FDI and foreign aid as developing countries\u2019 biggest source of foreign capital","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Remittances are officially set to outpace FDI, aid, and private capital flows as the biggest source of foreign capital in developing countries this year, the Financial Times says. As FDI levels from advanced economies is dipping, economists expect the reliance on remittances to remain strong, and continue serving as a\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1814.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625567"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625567\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/625568"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625567"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625567"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}