Barriers Quote by Joseph Stiglitz
“In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.”
About This Quote
Source Speech: World Bank Conference, 2005
Infrastructure deficits hinder trade more than tariffs because they raise costs and limit market access.
In simple terms: Poor roads and ports block trade more than taxes.
Invest in roads, ports, and power.
Themes
Mood
Type
When to use this quote
- export businesses
- rural producers
- foreign investors
- policy makers
Key Concepts
Questions to Reflect On
- How can governments prioritize infrastructure projects?
- What role does technology play in bypassing infrastructure gaps?
Tariffs still matter in some sectors.