Infrastructure , Geographical Disadvantage and Transport Costs

  title={Infrastructure , Geographical Disadvantage and Transport Costs},
  author={Anthony J. Venables},
The real costs of trade – the transport and other costs of doing business internationally – are important determinants of a country's ability to participate fully in the world economy. Remoteness and poor transport and communications infrastructure isolate countries, inhibiting their participation in global production networks. Recent liberalizations have reduced artificial trade barriers, and mean that the effective rate of protection provided by transport costs is, for many countries… CONTINUE READING
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