| Infrastructure plays a key role in facilitating trade,especially since recent trade liberalization in World has resulted in significant tariff reductions.This study quantifies the Impacts of Infrastructure on International trade volume for exports using various economic growth indicators.It is imperative to note that various studies on this topic demonstrates that improvements in transport infrastructure(that is the road network,air transport,railways,ports,and logistics)have resulted in increased trade flows.It is an undeniable fact that infrastructure plays a key role in facilitating international trade.Both developing and developed countries use infrastructure to facilitate trade.This therefore,means that quality infrastructure has a positive impact on trade globally.However,in most developing countries,it is evident that they either have inadequate or poor infrastructure.This makes it extremely difficult for these developing countries to export their produce in large volumes like China and other emerging economies.Also,there are limited existing literatures on infrastructure improvement,especially on port infrastructure in Africa.This has aggravated the infrastructure facility issues in most developing countries.Furthermore,to achieve economic growth and development,these developing countries need to engage in bilateral or multilateral trade.In this paper,I will investigate the short falls or limitations of these countries in terms of trade flows and suggest possible remedies or actions to be taken to facilitate trade.This study examines the impact of infrastructure on international trade.It is indispensable to note that the results of this study demonstrate that GDP,infrastructure and colonial language have positive impact on international trade. |
