The Trade Trap
Overview
This best-selling book explains how countries that depend on the export of primary commodities, like coffee or cotton, are caught in a trap: the more they produce, the lower the price falls on the international market. If they try to add value to their commodities by processing them, they run into tariff barriers imposed by the rich industrialised nations. To make matters worse, they have to compete with subsidised exports dumped on the world market by rich surplus-producing countries.
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978-0-85598-351-2How to cite this resource
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