[pdonis]

I'm not sure what you're talking about, since in countries which have these attributes, nobody is producing anything that would require trucks to transport, so your hypothetical of someone having a lot of produce that they can't get to people who need it doesn't apply.

If you are simply saying that there are countries which are poor because there is nobody with capital, first, that's still not a problem of "high transaction costs", it's a problem of lack of capital. And second, the problem isn't even lack of capital, since there are plenty of people in rich countries who would be glad to invest capital in poor countries--if the corrupt governments of those poor countries weren't going to steal everything of value that got invested. So we're still looking at a problem of government corruption, not "high transaction costs".

[perl4ever]

Government corruption is exactly "high transaction costs". I mean, what is the stereotype of a poor corrupt country, but one where you have to bribe someone to get anything done?