An analysis of the impact of the commodity markets and international trade on the fragile economies of less developed countries. The first section of the book looks at current trends and volatility in international trade and finance and the consequences for growth and GNP of less developed countries, against a framework of theory and sound quantitative analysis. Section two puts forward policies for the development of very low income countries through trade, overseas aid, industrialization and technological change. With new contributions from distinguished international scholars, this work forms a topical addition to current debate on international economic development.
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