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Trade problems of the developing countries and their solutions 1.Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries

Trade problems of the developing countries and their solutions

1.Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries are just a few of the problems that have plagued developing nations in Africa, Asia, Latin America, and the Middle East. For example, developing countries have limited market access because of?

(A.Falling prices of imports relative to exports, B. reduced subsidies to agricultural products, C. trade barriers in advanced economies)

2.Developing nations have formed international commodity agreements (ICAs) between leading producing and consuming nations of commodities. To promote stability in commodity markets, ICAs have relied on production and export controls, buffer stocks, and multilateral contracts. For example, production and export controls may help to? ( A. Decrease production cost B. Stabilize export revenues C. Remove export quotas)

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