Question
Structural Changes in Trade: For many years, the trade (of goods and services) from developing countries was dominated by the export of traditional (and 'tropical*)
Structural Changes in Trade: For many years, the trade (of goods and services) from developing countries was dominated by the export of traditional (and 'tropical*) agricultural commodities,
minerals, and forestry products to wealthy countries and the import of machinery and manufactured
goods from these more developed countries. This was referred to as 'South - North' and 'North-
South' trade. Over the past three decades, great changes have occurred in the forms/sectors,
product composition, and geography of trade for many developing countries. First, identify three
significant changes in the structure/geography of trade involving developing countries and elaborate
a bit on what these things are (perhaps using an example), Second, indicate why these changes are
(potentially) beneficial for the development/economic growth prospects and people of these
countries. And, third, identify possible actions (i.e. policies, investments, etc.) that developing
country governments might take to better enable their countries/companies/people to benefit from
these trends/opportunities.
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