Infrastructure, Geographical Disadvantage and Transport Costs

• Author(s): Nuno Limão, Anthony Venables,
• Publisher: World Bank Publications
• Pages: 39
• Language: en

Description:... "The median landlocked country has only 30 percent of the trade volume of the median coastal economy. Halving transport costs increases that trade volume by a factor of five. Improving the standard of infrastructure from that of the bottom quarter of countries to that of the median country increases trade by 50 percent. Improving infrastructure in Sub-Saharan Africa is especially important for increasing African trade"--Cover.