Global Trade Logistics Improving, but More Needed to Boost Recovery Says World Bank

Source: The World Bank
Published Friday, January 15, 2010 - 10:21

The capacity of countries to efficiently move  goods and connect manufacturers and consumers with international markets is  improving around the world, but much more progress is needed to spur faster  economic growth and help firms benefit from trade recovery, according to a new  World Bank Group survey on trade logistics.

Germany is the top performer among the 155 economies ranked in the Logistics  Performance Indicators (LPI), which are included in the report Connecting to  Compete 2010: Trade Logistics in the Global Economy. The study is based on the  most comprehensive world survey of international freight forwarders and  express carriers.

“Economic competitiveness is relentlessly driving countries to strengthen  performance, and improving trade logistics is a smart way to deliver more  efficiencies, lower costs and added economic growth,” said World Bank Group  President Robert B. Zoellick, who is visiting Berlin January 13 -15 to discuss  global development and economic issues. “Streamlining the connections among  markets, manufacturers, farmers and consumers offers tremendous growth and  investment opportunities and should be a top focus for developing country  growth strategies. As we issue this global report, I’m pleased to be in  Germany, the top performer on efficient logistics.”

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