This chapter has indicated that diversification of the LDCs export bundles so that they contain relatively more

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This chapter has indicated that diversification of the LDCs’ export bundles so that they contain relatively more manufactured goods could potentially alleviate both the instability problem and the possible terms-of-trade problem. Why so? In your view, would such diversification necessarily help developing countries? Explain.
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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