Infrastructure Development and Its Economic Impact. Comparative Analysis Between Germany, Romania and Bulgaria
DOI:
https://doi.org/10.69581/RJPA.2024.09.06Keywords:
comparative analysis, infrastructure, economic development, quality of life, governanceAbstract
This article analyzes the economic impact of infrastructure development, with a comparison between three European Union member states: Germany, Romania, and Bulgaria. Infrastructure, including transportation, energy, telecommunications, and water and sewage systems, is essential for economic growth and quality of life. The study highlights that Germany, with its developed infrastructure, supports a robust economy and a high standard of living, while Romania and Bulgaria would benefit from additional investments to reduce economic and infrastructure gaps. The data used in the comparative analysis are sourced from EuroStat, divided into four major infrastructure categories. The conclusions emphasize that efficient investments in infrastructure are critical for economic development, but their success significantly depends on the quality of governance. The article provides insight into the need for modernization and expansion of infrastructure in Romania and Bulgaria to achieve an economic level comparable to that of Germany.
