Chapter 17: Primary Exports
Chapter Outline
- Export Characteristics of Developing Countries
- Comparative Advantage
- Primary Exports as an Engine of Growth
- Improved Factor Utilization
- Expanded Factor Endowments
- Linkage Effects
- Recent Empirical Evidence on Primary-Export-Led Growth
- Barriers to Primary-Export-Led Growth
- Sluggish Demand Growth
- Declining Terms of Trade
- Fluctuating Export Earnings
- Ineffective Linkages
- Rent Seeking and Corruption
- The Dutch Disease
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