Budhaditya Mukherjee
Autonomous University of Queretaro. Email: budhadityamukherjee2000@gmail.com
Volume 13, Number 4, 2021 I Full-Text PDF
DOI: 10.21659/rupkatha.v13n4.63
Abstract
This paper is based on the positive correlation between projects of infrastructure developed by the government, and the indicators of general well-being of populations in adjoining areas where such constructive changes have been effected. To study the multifactorial effects of the development of a welfare state, we have studied the economic projections associated with the construction of AIFA (Felipe Angeles International Airport), a new airport in Mexico, which was undertaken completely as a government-funded project and developed as a national infrastructure project by the military establishment. Information on projected investments and downstream investments and local employment from the Secretary of Agrarian Development and Tourism (SEDATU) and the Secretary of Public Finances (Forbes) for the new airport AIFA are compared and analyzed with similar projects in other privately developed infrastructure projects and their calculated impact in order to suggest how well-being (achieved through such indices as employment and the generation of micro-enterprises) would pan out for the economy in the State of Mexico, where the new public-funded projects are envisioned. Projections based on available information suggest that the construction of a public infrastructure module can be achieved under economic constraints, focusing on lower spending from the public budget; however, there is a lack of information and transparent policy decisions to indicate growth for entrepreneurs in the local economy, and neither any projected information on opportunities of further private or public investments associated with the airport. A socialist-style public investment project, engineered by the state military, may need more transparency and engagement on behalf of entrepreneurs.
Keywords: Mexico, welfare state, new airport, general well-being, micro-enterprises, national infrastructure, privately developed infrastructure, socialist-style public investment project