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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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