If successfully executed, infrastructure holds the potential to bolster economies. Unfortunately, various influences can impede the process, in turn rendering the project unfinished. As a result, resources, capital, and morale take a substantial hit. The National Confederation of Industry recently conducted a study that revealed Brazil’s waning economy. Brazil’s inability to see their infrastructure jobs through is the culprit for the country’s rapid decline. In fact, Brazil’s abandoned 2,796 construction projects, amounting to a loss of over $10 billion. Some startling figures indeed, Brazil’s underbelly is undoubtedly their flawed infrastructure management.
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If Brazil doesn’t make sincere and prompt attempts to bridge the gap between complete and incomplete infrastructure jobs, the country is liable to crash and burn. Fortunately, specialists are keen to offer up their expert opinions in the hopes that Brazil’s leaders will avail themselves of their advice. Felipe Montoro Jens, a finance industry maven, attributes Brazil’s “stoppage of infrastructure work” to Brazil’s “fiscal deterioration.” Though this setback seems final, Jens offers a few solutions to Brazil’s ongoing problem. Improving micro-planning, training employees, designing balanced contracts, evaluating modality, and carrying out micro-planning are five viable resolutions, according to Jens.
If Brazil balks at these proposed ideas, Ilana Ferreira, a member of the National Confederation of Industry, fears that history will continue to repeat itself. The most unsettling reality of Brazil’s current state is that they lack the wherewithal and know-how to execute seemingly simple infrastructure jobs like creating sports facilities and schools. In fact, Felipe Montoro Jens states that these projects are far less expensive and involved than most infrastructure jobs. As Brazil continues to display this troubling degree of ineptitude, experts are growing increasingly concerned. Fortunately, Jens’ suggestions are a sure-fire fix. Advantageous for both the country and its people, a revival of Brazil’s dwindling infrastructure will undoubtedly restore faith in the nation. You can find Montoro Jens on Twitter @felipemontoroj to continue the conversation.