Jamal SAGHIR
Director, Energy, Transport and Water, World Bank

Transport costs are a central determinant for trade and development. These, combined with trade costs, are now more important for globalization than trade policy. Actually, transport costs have less declined than perceived: distance is not dead, nor is the world flat. Transport policy has to better take up its international function in infrastructure policies and in general it has to overcome its national bias and live up to new challenges in combining with trade and competition policies.

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