This book explores the impact of transport costs on trade in
Latin America and the Caribbean, and argues that transport costs
have assumed an unprecedented strategic importance to the region.
The region can no longer rely solely on trade agreements,
proximity, labor costs, and an abundant supply of natural resources
to give it a competitive advantage in international trade. The book
finds that countries in Latin America and the Caribbean have
transport costs that are generally higher than those of the
developed world, largely because of deficiencies in infrastructure
and weak competition in shipping services. It concludes that a
broader and more balanced trade agenda would bring the
long-neglected issue of transport costs to the center of the policy
debate.
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