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Economic Benefits of Building New Cities

Question

Discuss whether or not building a new city will benefit an economy.

Category:

Economic Growth and Development

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Preview Answer

I. 🍃Introduction
- Brief explanation of the topic
- Thesis statement

II. Positive impacts of building new infrastructure
- Creation of jobs
- Reduction of unemployment
- Increase in total demand and economic growth
- Higher income and less poverty
- Better housing and living standards
- Attraction of MNCs
- Higher tax revenue for government spending on other objectives

III. Negative impacts of building new infrastructure
- Opportunity cost and budget deficit
- External costs and damage to the environment
- Wasted facilities due to lack of demand
- Inflation and cost-push inflation
- Depletion of natural resources and increased dependence on imports

IV. Case study: The impact of building a new airport
- Positive and negative impacts on the local economy
- Analysis of the costs and benefits
- Comparison with other infrastructure projects

V. 👉Conclusion
- Summary of the main points
- Restatement of the thesis
- Final thoughts and recommendations.

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