International Trade & Economic Development

What is meant by the term international trade? What is the status quo in international trade of developing nations and how does it affect their economic development?

Discover how over-specialization, commodities' price volatility and lack of access to international markets all limit developing nations' economic development. What are the long-term trends in the Terms of Trade (TOT) in the primary sector? Finally, check out the various trade strategies for economic growth and development, such as import substitution, export promotion, trade liberalization, economic integration and diversification. How does fair trade fit into International Trade?

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