Want to know:
Trade Costs in AfricaWorld Bank Document, September 2008High trade costs—for transporting goods and getting them across borders—have a negative impact on prospects for expanding African trade, making producers less competitive.While reducing tariffs and other trade barriers remains important, and must continue as part of the liberalization process, many African countries will not be able to benefit from reform unless trade costs are reduced. Bottlenecks in the form of regulatory and administrative constraints to transport and transit must also be reduced. Customs procedures, duty drawback schemes, and other requirements push up the cost of trade. Which statement would MOST LIKELY be claimed by the author of this passage?(A)
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Spark.E adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- In a balance-of-payments record, if the credit and debit offset each other, it means that a nation is in particularly good financial condition. True False
- Quotas are more flexible than import licenses. True False
- The theory that suggests specialization by country can increase worldwide production is:A.the international Fisher effect.B.the theory of working capital management.C.the theory of foreign direct investment.D.the theory of comparative advantage.