This event is taking place in a hyrbrid format.
- Joining online? Watch the livestream via Zoom.
- Joining in-person? Please send an email to tdd_gp_events@worldbank.org with "Shrinking Economic Distance Event" in the subject line by December 3.
This event is taking place in a hyrbrid format.
Despite the rise of global trade, low- and middle-income countries still face significant challenges in moving goods seamlessly and efficiently. It costs 57% more to export to the United States from a low-income country than from a high-income one and transporting goods inside low-income countries costs twice as much as doing it within high-income countries, for the same distance and goods. This stark difference in transport costs is more than just a number—it’s a barrier that keeps developing countries from reaching their economic potential.
This event will discuss the main findings of the new report from the Transport Global Department, Shrinking Economic Distance, which identifies the frictions that keep transport prices and times high and examines what actions countries can take to reduce them – effectively shrinking the economic distance between places.