Shrinking Economic Distance: Understanding How Markets and Places Can Lower Transport Costs in Developing Countries © 2024 The World Bank Group.

Despite the reduction in transport costs over the past few decades, creating a single integrated economy remains elusive. Low- and middle-income countries face higher transport prices than high-income countries for both international and domestic shipments, and shipping times are longer and less reliable. Tackling the problem can increase income and general welfare in low- and middle-income countries, improving the lives of the people who live there. https://openknowledge.worldbank.org/entities/publication/08128e98-55c4-42e8-9a88-0027cd88cbb7 © 2024 The World Bank Group.