The Impact of Investments in Communication Infrastructure on Economic Growth

Abstract

Investments in communication infrastructure have a significant impact on economic growth. Communication infrastructure enables people and organizations to connect and communicate quickly and efficiently, which can improve productivity and drive innovation. Increasing investment in communications infrastructure can boost economic growth in several ways: Improving access to information, enhancing communication infrastructure, and fostering digitalization can raise business efficiency and overall economic performance. This improves economic growth and encourages the expansion of business activities in various sectors. Stimulating innovation, improving communication infrastructure provides a new platform for innovation. With improved technologies, new applications and services can be developed that can help organizations be more competitive in the market. Overall, investments in communication infrastructure play a key role in stimulating economic growth. This is important for all countries that want to improve their competitiveness in the global market and achieve long-term economic prosperity. Therefore, the main goal of this final paper is to determine, the impact of investments in communication infrastructure on economic growth, primarily in Bosnia and Herzegovina, but also in other countries from its surroundings (Serbia, Montenegro, Albania, Kosovo, North Macedonia, Croatia and Slovenia), in order to identify possible directions and recommendations for stimulating economic growth based on the research results.