Economic Development Indices Questions Medium
The Global Logistics Performance Index (LPI) is a composite index that measures the efficiency and effectiveness of logistics performance in countries around the world. It is developed by the World Bank and is based on a survey of global freight forwarders and express carriers. The LPI assesses various dimensions of logistics performance, including customs clearance, infrastructure quality, ease of arranging shipments, logistics competence, tracking and tracing, and timeliness of shipments. The index provides a comprehensive overview of a country's logistics performance and serves as a benchmark for comparing logistics performance across countries. It is widely used by policymakers, businesses, and researchers to evaluate and monitor the logistics capabilities of different countries and to identify areas for improvement in order to enhance trade facilitation and economic development.