About Marcelo Olarreaga
Marcelo Olarreaga is professor of economics at the University of Geneva.Why poor countries should invest first in national trade infrastructure
Low-income countries are often advised to prioritize investment in their trade infrastructure to better connect to international markets, and garner the benefits of a more open trade regime. The World Bank’s Trade Facilitation Support Program and the World Trade Organization (WTO)’s Trade Facilitation Agreement, for example, promote investment in trade infrastructure to boost development prospects by improving competitiveness and lowering trade costs.
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