International trade disadvantages less developed countries

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Reference no: EM133629738

Question

If international trade disadvantages less developed countries (LDCs) due to deteriorating terms of trade, as argued by Raúl Prebisch, which policies would be justified in pursuit of economic development? Policies That Would Improve Terms of Trade for LDCs quotas or tariffs to limit imports into LDCs Press Space to open subsidizing domestic industrialization Press Space to open expanding production of primary products Press Space to open removing quotas or lowering tariffs to encourage imports into LDCs Press Space to open Policies That Would NOT Improve Terms of Trade for LDCs.

Reference no: EM133629738

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