Despite the general agreement among economists on the benefits of moving to free trade,observers have noted that some developing countries may have "special" problems with regard to trade - the problems of export instability and a potential long-run deterioration of the terms of trade. Indicate the alleged nature of the problems and discuss potential causes for the problems.
Then summarize and assess possible policies that could be utilized to deal with the problems. Finally, do you think that these countries should "turn inward" (i.e., become less open to trade)because of these problems? Briefly explain.

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The Answer of Despite the general agreement among economists on the benefits of moving to free trade,observers have noted that some developing countries may have "special" problems with regard to trade - the problems of export instability and a potential long-run deterioration of the terms of trade. Indicate the alleged nature of the problems and discuss potential causes for the problems.
Then summarize and assess possible policies that could be utilized to deal with the problems. Finally, do you think that these countries should "turn inward" (i.e., become less open to trade)because of these problems? Briefly explain.

Despite the General Agreement Among Economists on the Benefits of Moving