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Infrastructure debt is a complex investment category reserved for highly sophisticated institutional investors who can gauge jurisdiction-specific risk parameters, assess a project’s long-term viability, understand transaction risks, conduct due diligence, negotiate (multi)creditors’ agreements, make timely decisions on consents and waivers, and analyze loan performance over time.
According to a study by D. A. Aschauer, [3] there is a positive and statistically significant correlation between investment in infrastructure and economic performance. . Furthermore, the infrastructure investment not only increases the quality of life, but, based on the time series evidence for the post-World War II period in the United States, infrastructure also has positive impact on both ...
Hard infrastructure is the physical networks necessary for the functioning of a modern industrial society or industry. [5] This includes roads, bridges, and railways. Soft infrastructure is all the institutions that maintain the economic, health, social, environmental, and cultural standards of a country. [5]
As civil society gained political authority in Western states, despotic power became less accepted. As such, infrastructural power became considered a “positive” type of power; [5] it is a source of legitimacy derived directly from civil society and therefore, at least in theory, directly from the people.
The importance of stone tools, circa 2.5 million years ago, is considered fundamental in the human development in the hunting hypothesis. [citation needed]Primatologist, Richard Wrangham, theorizes that the control of fire by early humans and the associated development of cooking was the spark that radically changed human evolution. [2]
Political society consists of the organized force of society (such as the police and military) while civil society refers to the consensus-creating elements that contribute to cultural hegemony (such as the media and education system.) Both constituents of this superstructure are still informed by the values of the base, serving to establish ...
International development aid became widely popularized post World-War Two due to first-world countries trying to create a more open economy as well as cold war competition. [31] In 1970, the United Nations agreed on 0.7% of Gross National Income per country as the target for how much should be dedicated for international aid. [ 32 ]
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.