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Innovation, Entrepreneurship, and the Economy in the US, China, and India by Harini Mittal, Zhijie Gao, Rajiv Shah

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Chapter 15

Infrastructure

Abstract

Growth of a new venture into a thriving business depends not only on the legal, political, social, and institutional factors discussed in the previous chapter but also on the physical infrastructure—communication, energy, power, transportation, utilities, etc.—of the country. In the United States, this infrastructure is clearly very well built out and well established, but some of these may be aging, creating concerns about the future. In China, these are rapidly improving with a lot of new construction of airports, seaports, railways, roadways, and other sectors. In India, in spite of recent growth in some of these areas, lack of reliable infrastructure has been known to be a problem constraining growth. ...

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