1945

Trade in primary commodities has provided the life blood to most economies of the Asian and Pacific region and has been their main link with the world economy. Although founded during a period of colonial domination of the region, such trade has proved most valuable in generating the external and domestic financial resources needed for development. During the past two decades, however, extremely important developments have taken place in the volume, value, structure and direction of such trade, raising serious questions about the role of trade in primary commodities in the economic development of the developing countries of the region.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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