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International trade has grown rapidly in recent years, thanks in part to the progressive reduction of tariffs and quotas through successive rounds of multilateral trade liberalisation. However, this progress brings to light one of the remaining weak links of international trade, which prevents countries from drawing full benefits from the advantages of open global markets: border bottlenecks generated by inefficient, outdated and complex trade procedures and formalities. This book brings together six studies that examine to what extent and in which ways the costs of inefficient border processes influence trade and investment flows, how institutional and political factors affect the design and implementation of efficiency-enhancing measures, whether the expected benefits of these measures enough to justify the expenses of putting them in place, and whether the expenses involved are within the reach of developing and least developed countries, especially in light of other development priorities.

Cost effectiveness -- Commerce. --- Foreign trade regulation. --- International economic relations. --- International trade --- Foreign trade regulation --- Free trade --- Non-tariff trade barriers --- Commercial policy --- Commerce --- Business & Economics --- International Commerce --- International cooperation --- Cost effectiveness. --- International cooperation. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Export and import controls --- Foreign trade control --- Import and export controls --- International trade control --- International trade regulation --- Prohibited exports and imports --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Foreign trade policy --- International trade policy --- Trade policy --- Law and legislation --- Government policy --- Economic policy --- International relations --- Economic sanctions --- Trade regulation --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- International economic relations