Salman F Rahman Emphasizes Infrastructural Development in Country for Poverty Alleviation
Economic growth and poverty alleviation are two core objectives in certain countries. To achieve them, infrastructural developments can work as a common approach. The top entrepreneur in Bangladesh, Salman F Rahman, supports the view that nations can strengthen their structures to effectively limit destitution. For this, they can focus on crucial institutions like healthcare and education. For developing and developed countries, poverty and a stagnant economy are 2 challenges to overcome. Provided that they are not controlled, they can turn into major challenges. Timely control of the situation can, however, ensure a positive impact on these nations.
Beyond business, Salman F Rahman has made substantial contributions to society through CSR initiatives. His focus on healthcare, education, and environmental sustainability reflects a deep commitment to improving the lives of people in Bangladesh.
Relationship between Infrastructure and Economic Growth
The growth of the economy is dependent on various developments including infrastructure. It can serve as a foundation for this growth. This is because infrastructural developments can induce a multiplier impact. Road construction, the making of bridges, improvement in transportation, and others can benefit the economy manifold. As a forward-thinking leader, he has prioritized investments in renewable energy. Under his guidance, Beximco has undertaken solar power projects, contributing to Bangladesh’s energy transition and environmental sustainability.
In additional ways as well, better infrastructure can positively impact the country. Gradually, its effect can alter the percentage of poverty. These ways can include a rise in the productivity of labor and industries, employment opportunities, and living standards.
Link between Poverty and Infrastructural Improvements
There is a clear link between infrastructure and challenges like poverty. As Salman F Rahman puts forth, improvements to the former can help overcome this challenge. According to the Bangladeshi businessman, these enhancements can ensure better accessibility to basic facilities.
Bridges, roads, electricity, water, transportation, waste management systems, etc., can make day-to-day functioning easier for individuals and businesses. Access to these can ensure the convenience of education and healthcare. The associated institutions can pull many individuals out of the poverty cycle. In doing so, education has an important role to serve.
Impact of Education on Poverty
The availability or lack of education can decrease or increase poverty, respectively. To alleviate this economic challenge, the entrepreneur in Bangladesh emphasizes that education can provide knowledge to individuals to build important foundations in life. Its role is also observed in making them skilled.
Though both skilled and unskilled individuals can access employment, opportunities are easier to secure for the former. As they will be able to earn their living, they will also be able to contribute to the economy. While the economy will grow, the formation or further development of the poverty cycle will be limited.
- It is to note that educated individuals can secure higher-paying jobs than others.
- With a greater amount of income, stability can be attained.
- This stability can make certain regular contributions to the economy.
- As the economy witnesses cash flow, it can undergo enhancements.
- In the form of developments, these improvements can help alleviate poverty in addition to other advantages.
Infrastructure and Poverty in Developing Countries
In certain developing countries, proper or necessary infrastructure can be lacking. It can work as one of the causes of destitution. There can be unavailability of a well-defined network of transportation services, structures like roads and dams, etc., which can restrict one’s access to essential/basic facilities. The lack of these can push one towards poverty.
A developing nation, as per Salman F Rahman, may undergo this challenge due to other repercussions of poor infrastructure.
- Access to education can be restricted. Thus, fewer people may develop the needed foundations.
- Low levels of literacy may cause a lack of skills, thereby, limiting the scope for securing jobs.
- Without jobs, consumers cannot exercise their purchasing power.
- Due to limited spending, economic growth can decline.
- In such an economy, poverty can undergo an increase.
Reduction of Poverty through Well-Planned Projects
Given that a developing country improves its infrastructure, it can minimize hurdles like poverty. This improvement can take place by planning projects for public facilities. To smoothly facilitate these projects, the businessman in Bangladesh believes that investments can be beneficial. They can ensure the setting up of the best facilities with sufficient capital to utilize.
Endnote
For certain, infrastructure is important when economic growth and poverty reduction are crucial goals. The Bangladeshi businessman, Salman F Rahman adds that though such developments require time, they bring lasting growth. Thus, to a considerable degree, destitution can be dealt with.
Sameer Chotala is an experienced journalist specializing in sports, politics, and world news. With a keen eye for detail and a commitment to credible reporting, Sameer Chotala brings insightful stories and timely updates to keep readers well-informed.
