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Barriers Quote by Joseph Stiglitz

“In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.” quote by Joseph Stiglitz
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“In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.”

Joseph Stiglitz

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.

Key Takeaway

Invest in roads, ports, and power.

Themes

trade development infrastructure economics

Mood

concerned analytical

Type

policy economic

When to use this quote

  • export businesses
  • rural producers
  • foreign investors
  • policy makers

Key Concepts

comparative advantage logistics market access

Questions to Reflect On

  • How can governments prioritize infrastructure projects?
  • What role does technology play in bypassing infrastructure gaps?
A Different Perspective

Tariffs still matter in some sectors.

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