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Commodity exports and the adding up problem in developing countries : trade, investment, and lending policy (English)

Multilateral development banks, including the World Bank, have advocated free trade policies for developing countries, including free trade in commodities. But although free trade in commodities maximizes world welfare, it does not maximize income or welfare for countries with power on the world market (such as Brazil for coffee and Cote d'Ivoire for cocoa). If the reference group selected is developing countries as a whole, or the coffee or cocoa...
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Schiff,Maurice.

Commodity exports and the adding up problem in developing countries : trade, investment, and lending policy (English). Policy, Research working paper ; no. WPS 1338 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/655111468741345456

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