Developing countries could boost trade by improving logistics and reducing border barriers
The paper explores how trade restrictions affect trade in developing countries. It shows that tariffs and non-tariff barriers still impact low-income nations, even with preferential trade programs. The study finds that trade improvement efforts and reducing trade costs are crucial for boosting trade for poorer countries. By studying trade barriers and logistics, researchers discovered that enhancing trade processes can double the positive effects of reducing border barriers, making it easier for developing countries to trade more.